Calling the financial performance of its Mercedes-Benz luxury unit in 2004 “unacceptable,” DaimlerChrysler AG Chairman Juergen Schrempp vows to right auto maker in 2005. The Mercedes Car Group is the major force behind DC’s weak fourth-quarter profits, helping to push earnings down 63% during the period to €526 million ($678 million), compared with prior-year’s €1.4 billion ($1.8 billion). DaimlerChrysler AG Chairman Juergen Schrempp The Group (which includes Mercedes, Smart and ...
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