UPDATE 1-Daimler Q3 operating profit rises, Mercedes slides

Newswire

(Adds details, background, share) FRANKFURT, Oct 28 (Reuters) - DaimlerChrysler's third-quarter operating profit rose 7 percent, just below analyst expectations, as gains at U.S. arm Chrysler helped offset weaker earnings at premium carmaker Mercedes. The world's fifth-biggest carmaker reiterated on Thursday a forecast for "significant improvement" in 2004 operating profit excluding one-time items, even though its flagship Mercedes division will have "substantially lower" operating ...

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