Monday, July 2, 2007

DaimlerChrysler delays second quarter results

Reuters |FRANKFURT (Reuters) -- DaimlerChrysler will postpone until Aug. 29 its full second-quarter results, which were originally due on July 26, the world's fifth-biggest carmaker said today.

It cited the complexity arising from its sale of a majority stake in the Chrysler group to Cerberus Capital Management as the reason for the delay.

Headline numbers for other group divisions will be announced on July 25, the company said in a statement.

"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," it 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," it added.

The company will release 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, Other segment on July 25.

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