DaimlerChrysler delays full Q2 results to Aug 29
The world's fifth-biggest carmaker, DaimlerChrysler said it will postpone until August 29 its full second-quarter results, which were originally due on July 26. The company cited the complexity arising from its sale of a majority stake in U.S. arm Chrysler to Cerberus Capital Management as behind the delay, adding that headline numbers for other group divisions will be announced on July 25.
"Chrysler Automotive and Chrysler Financial will be shown in the Q2 financial statements as 'discontinued operations'. For this reason, it will not be possible to publish the full interim report as planned on July 26," a company statement said. "It will not be possible to report Financial Services' figures separately for Chrysler and Daimler on July 25; because the accounting work of separating the business volume of Financial Services that is to be allocated to the Chrysler Group will not have been completed by then."
The preliminary figures for unit sales, revenues, and earnings before interest and taxes for the Mercedes Car Group and Truck Group divisions as well as for the Van, Bus, will be released on July 25.
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