Mercedes confirms oper profits to slip in 2004

Newswire

PARIS, Sept 23 (Reuters) - Daimlerchrysler's flagship Mercedes Car Group reiterated on Thursday that 2004 operating profits would fall slightly compared to the previous year. Chief Executive Juergen Hubbert told reporters at the Paris Car Show that the division had minimised its exposure to currency fluctuations so that changes in the value of the euro would not hit profits significantly in the future. He said higher steel prices could eventually push annual costs up by more than 100 ...

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