According to a poll of analysts conducted by Reuters, DaimlerChrysler AG will post strong Q2 results later this week. However, analysts also warn that the longer-term outlook remains cloudy as the company’s Chrysler unit continues to feel pricing pressure from its Japanese competitors.
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Analysts say that DC is benefiting from strong second quarter production in the US, something that is also benefiting Ford and GM. The US market continues to support manufacturers’ volume on the back of consumer incentives.
Speculation is rising that DaimlerChrysler may now raise its full year earnings forecast for the group, on the back of Chrysler’s improved performance.
Earnings from DC’s Mercedes-Benz luxury car unit are expected to continue to be robust on the back of the impact of the recently launched new Mercedes-Benz E-clas model.
DC’s results will be announced on Thursday.
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