DaimlerChrysler Q2 flattered by FX trading profit

Newswire

FRANKFURT, Aug 21 (Reuters) - German-U.S. auto maker DaimlerChrysler said on Thursday its second-quarter results got a boost from foreign exchange trading, with more than half of operating profit generated by currency effects. A DaimlerChrysler spokeswoman said currency hedging and the impact of exchange rate fluctuations had contributed 350 million euros ($385 million) to its operating profit of 641 million in the last quarter. "This is not gambling. It's part of the operating ...

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