Automotive Industry

Recovery at Chrysler lifts D/C; PSA buoyed by new products.

Automotive News Europe, July, 2002 by De Saint-Seine, Sylviane

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Expectations of a recovery at Chrysler division buoyed investment in DaimlerChrysler's shares, limiting the impact of the overall stock market collapse.

In the Shareholder Value Index for automakers, DaimlerChrysler fell by 4 percent during the second quarter.

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As it turned out, on July 19 DaimlerChrysler reported a 52 percent rise in net profit in the second quarter and lifted its operating profit forecast for the full year. The company now expects to earn at least 4.05 billion, three times the 2001 level of 1.35 billion. Previously, DaimlerChrysler had said it would earn a ...

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Automotive Industry

Recovery at Chrysler lifts D/C; PSA buoyed by new products.

Automotive News Europe, July, 2002 by De Saint-Seine, Sylviane

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