DaimlerChrysler Expects to Boost Profitability
From the Associated Press
DaimlerChrysler should be more profitable this year, but still has work ahead to reinvigorate its marquee Mercedes-Benz product lineup, Chief Executive Dieter Zetsche said.
The world’s fifth-biggest automaker also will stick with struggling compact brand Smart, Zetsche said in his first appearance as CEO at the company’s annual shareholders meeting.
The company also said it planned to keep at least half its 30% stake in European Aeronautic Defense & Space Co. amid efforts to retain equality of German and French ownership.
