SAN FRANCISCO (MarketWatch) -- DaimlerChrysler on Monday delayed its second-quarter earnings report for more than a month due to the pending sale of its 80% stake in Chrysler to private equity group Cerberus Capital Management.
The German-American car giant (DCX :
DCXsaid that on July 25 it will report its unit sales, revenue and earnings before interest and tax from the Mercedes Car Group, truck group and the van, bus and other segments.
However, the automaker said it is not possible to post financial-services figures because the accounting work of separating the business volume won't be completed by then.
"Chrysler Automotive and Chrysler Financial will be shown in the [second-quarter] financial statements as 'discontinued operations,'" the company said in a release, adding that it intends to publish its full second-quarter statement on Aug. 29.
DaimlerChrysler also said it will split its Mercedes-Benz and truck financial operations from Chrysler when the sale goes through, with the employees moving to a new location in Oakland County, Mich.
About 800 Chrysler workers will remain at the current location while 400 employees of parent Daimler will pack their bags. DaimlerChrysler said the split will create 200 new jobs, including 100 in the area.
Cerberus, one of several private equity firms making big investments in the automotive sector, already owns 51% of GM's financial unit.
DaimlerChrysler stock gained 1.5% to $93.30 in morning trades.