Postponement of Interim Report on Q2 2007
July 02 2007 - 8:00AM
PR Newswire (US)
* Consequence of transfer of a majority interest in the Chrysler
Group to Cerberus and the upcoming closing STUTTGART, Germany, July
2 /PRNewswire-FirstCall/ -- The upcoming transfer of a majority
interest in Chrysler Automotive and Chrysler Financial to Cerberus
Capital Management and the upcoming closing of the transaction will
result in substantial changes in DaimlerChrysler's financial
reporting on the second quarter of 2007. 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. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGO ) However, in
order to report its key figures as soon as possible, on July 25,
2007, DaimlerChrysler will disclose unit sales, revenues and EBIT
(earnings before interest and taxes) for the Mercedes Car Group and
Truck Group divisions as well as for the Van, Bus, Other segment on
the basis of preliminary figures. A conference call for journalists
and analysts will be held on July 25, 2007, at 4.00 p.m. CEST.
Originally, the Q2 2007 interim report was scheduled to be released
on July 26, 2007. 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. DaimlerChrysler intends to
publish its full interim report on the second quarter of 2007,
including the financial statements, on August 29, 2007. Further
information on DaimlerChrysler is available on the Internet at:
http://media.daimlerchrysler.com/
http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGO
http://photoarchive.ap.org/ DATASOURCE: DaimlerChrysler AG CONTACT:
Han Tjan, +1-212-909-9063, or Thomas Frohlich, +49(0)711-17-41361,
both of DaimlerChrysler AG Web site:
http://www.daimlerchrysler.com/ http://media.daimlerchrysler.com/
Copyright