Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

DaimlerChrysler On Track For ’04 Earning Improvement

April 8, 2004

Despite a profit slide in 2003, DaimlerChrysler AG forecasts a slight increase in earnings for 2004, Reuters reported Wednesday. Chrysler Corp., Daimler’s U.S. unit is expected to improve results after being severely burdened by a second-quarter loss last year due to lower model sales and rising incentives.Daimler Chrysler reported its Mercedes Car Group suffered a decline in unit sales for the first quarter, though deliveries of commercial vehicles still rose during that time.The outlook is based on the expected stimulus from the launching of 50 new models in 2005 and 2006, Reuters reported.Despite unusually low approval ratings from shareholders at Wednesday's annual meeting, the DCX supervisory board extended CEO Juergen Schrempp's contract to 2008 as planned and re-elected Hilmar Kopper as Chairman.
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