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Profits - Germany - Mercedes Car Group sees record 2007 result
FRANKFURT,Germany -Reuters -Nov 23, 2005: -- DaimlerChrysler's premium Mercedes Car Group division expects to generate a record operating profit of over 4.1 billion euros ($4.82 billion) in 2007 and a margin of 7.3 percent, a magazine reported... The forecasts are also based on the assumption that the division will cut 2,500 jobs, Capital reported... Mercedes division head and designated group Chief Executive Dieter Zetsche has since announced plans to eliminate 8,500 Mercedes-Benz jobs, but this was not included in the numbers because it was unclear just how many staff would sign up for voluntary redundancy packages, the magazine said...
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