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DaimlerChrysler's 2Q Profit Fell 14 Pct

FRANKFURT, Germany -- DaimlerChrysler AG said Wednesday that its second-quarter profit fell 14 percent and disclosed plans to spend about $10.2 billion buying back nearly 10 percent of its shares as it moves forward without its Chrysler division, according to the Associated Press.

DaimlerChrysler's profit decline excluding results from Chrysler and its finance arm - which did better in the latest quarter than a year ago - was a steeper 20 percent.

Posted by Peter C. T. Elsworth  at 11:21 AM to Chrysler | Permalink

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