UPDATE 2-Mercedes rebound propels Daimler profit

Newswire

(Adds details from statement, market reaction) By Michael Shields, European Auto Correspondent STUTTGART, Germany, July 27 (Reuters) - A rebound at flagship Mercedes Benz brand helped DaimlerChrysler boost second-quarter operating profit by a forecast-beating 11 percent despite a slump at U.S. arm Chrysler. The world's fifth-biggest carmaker reiterated on Thursday that group operating profit would exceed 6 billion euros in 2006, up from just under 5.2 billion in 2005, even though ...

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