Mercedes aims for 8 pct operating margin in 2007

Newswire

STUTTGART, Germany, Sept 25 (Reuters) - DaimlerChrysler's Mercedes Car Group aims to achieve an 8 percent operating margin and boost productivity by just over 7 percent in 2007, Mercedes Chief Operating Officer Rainer Schmueckle said on Tuesday. Previously, Mercedes had forecast a margin significantly higher than 7 percent and the passenger car arm of Daimler had in July added that it would target a 10 percent margin by 2010 at the latest.

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