DaimlerChrysler AG reports net profits of $125 million during the second quarter, a 90% drop from $1.27 billion in like-2002. DC Chairman Juergen Schrempp confident in future prospects for auto maker. The auto maker’s U.S. Chrysler Group reports a loss of $1.1 billion during the quarter, which led the decline. Chrysler’s revenues fell 28% to $13.6 billion. However, the luxury Mercedes-Benz unit saw its operating profits rise 2% to $990 million, while revenues were up 1% to ...
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