UPDATE 1-Mercedes needs few years to regain peak profit

Newswire

PARIS, Sept 23 (Reuters) - DaimlerChrysler's flagship Mercedes Car Group intends to regain peak profit levels within the next few years after operating profit dips in 2004, division had Juergen Hubbert said on Thursday. A combination of factors including spending to fix quality problems that have tarnished its luxury image will weigh on opeating profit this year, he reiterated. "I am absolutely happy that the board decided to make quality the first priority," he told reporters at the ...

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