DaimlerChrysler raises profit target for Mercedes group
DaimlerChrysler plans to strongly raise the Mercedes group (including the Smart and Maybach brands) profit margin target from 7 percent this year, Chief Financial Officer Bodo Uebber said Thursday at an investment conference.
Due to the increased use of common components in different models a higher target will be possible, a 9.4 percent profit margin by 2009, German newspaper Handelsblatt reported in a story about Uebber’s remarks.
Tags :
DaimlerChrysler, Mercedes
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