Mercedes on track for 7 pct margin goal - Daimler


FRANKFURT, Oct 26 (Reuters) - DaimlerChrysler's premium Mercedes Car Group division is on track to reach its goal of boosting its operating margin to 7 percent by 2007, the company said in slides posted on its website before a conference call with investors on Wednesday. It also cited challenges "for 2005 and ahead" that cited an "intensely competitive car market, especially in the U.S.", a further rise in interest rates, high oil prices and translation effects from foreign exchange rates.

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