DaimlerChrysler says Chrysler misses earnings target

Newswire

FRANKFURT, Feb 19 (Reuters) - DaimlerChrysler AG said on Thursday its struggling U.S. unit made an operating loss of 506 million euros ($644.9 million) last year, missing its target for a small profit. DaimlerChrysler also said it was aiming for a slight increase in group 2004 operating profit from its ongoing business. Chrysler, facing a U.S. price war and fierce competition from Japanese rivals, has long been a headache for its German parent, which reported group results earlier this ...

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