Daimler's 2Q profit slips to nearly euro1.4 billion on Chrysler-related charges of euro373M

Automaker Daimler AG said Thursday its second quarter profit slipped, mainly on charges related to its minority stake in Chrysler LLC.

The company said net profit in the April-June period fell to euro1.4 billion (US$2.2 billion) compared with euro1.8 billion in the same quarter a year ago, while the company posted increased sales of euro25.4 billion (US$40 billion) compared with euro24 billion a year earlier.

The Stuttgart-based maker of Mercedes-Benz, Smart and Maybach cars said it continued to assume that its divisions would make their respective sales goals for the rest of the year.