DaimlerChrysler expects it will take until 2006 before it can boost its return on net assets to 8.5% again, German magazine “Capital” reported, according to Reuters.
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The news agency said the carmaker’s return on net assets, a measure of how profitable a company’s assets are employed, sank to just 2.4% last year from 8.8% in 2002 as its net operating income fell on losses at its US Chrysler unit.
DaimlerChrysler aims to achieve 13% in the long term but has not published targets for the medium term, Reuters said. A spokesman declined to comment to the news agency on the magazine article which cited internal planning figures without saying where it obtained them.
