UPDATE 3-Mercedes disappoints as Daimler Q1 profit rises

Newswire

(Adds comments from conference call, updates shares) By Michael Shields, European Auto Correspondent FRANKFURT, April 27 (Reuters) - Underlying profit at DaimlerChrysler's flagship Mercedes Car Group in the first quarter disappointed the market on Thursday, eclipsing the automaker's overall forecast-beating group operating earnings. Profit at U.S. arm Chrysler more than halved in the quarter as a price war raging in the crucial U.S. market showed no sign of letting up, the company ...

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