GERMANY: DaimlerChrysler shares plummet after gloomy profit forecast
The values of shares and bonds in DaimlerChrysler tumbled on Wednesday after the group cut its full-year profit forecast, blaming the impact of a fierce US price war on its Chrysler unit, Reuters reported. DC warned late on Tuesday of a one-billion-euro operating loss at its US Chrysler unit in the second quarter, which would hurt full year group profits, the news agency said.
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