UPDATE 2-Mercedes on track for 7 pct margin goal - Daimler


(Recasts with comments from investor presentation) FRANKFURT, Oct 26 (Reuters) - DaimlerChrysler's premium Mercedes Car Group division is on track to reach the goal of boosting its operating margin to 7 percent by 2007, the world's fifth-biggest carmaker said on Wednesday. In slides posted on its Web site before a conference call with investors, the company said Mercedes was making progress with plans to reduce costs, boost revenue, ensure quality and revamp the loss-making Smart small ...

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