| DCX Revises Earnings Forecast, Looking to Expand China Operations |
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Citing excess inventory, rising fuel costs, and non-competitive employee and retiree benefits costs, DaimlerChrysler AG expects its Chrysler division to lose $1.52B in the third quarter and is lowering its full-year profit forecast. The automaker is looking to China to build luxury sedans and will decide soon on marketing a subcompact with a Chinese partner. Read more at: http://www.automotivedigest.com/view_art.asp?ArticlesID=20203. |
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