This Week:

• Jaguar Reveals the All-New X-TYPE at the Geneva Auto Show
  .

• BMW: The model range is to be extended by the 1 Series and the 6 Series 
  .

• 1 million Audi vehicles with quattro drive / Market leadership in Germany and Europe / Over 30 percent of all new Audi models have all-wheel drive
  .

• Land Rover at the 2001 Salon de l'Automobile, Geneva
  .

• DaimlerChrysler Reports Full Year and Divisional Results
  .

• GM Service Parts Operations Announces New Parts Distribution Center In Chicago
  .

• Klaus Fricke - The New Market Strategy Director In Fiat Auto SpA
  .

• smart launches international product campaign 
  .

• Porsche opens sales agency in the Chinese capital 
  .

• European Specifications Announced for MINI COOPER 
  .

• Ford reports record revenues, unit sales, operating earnings per share in 2000
  .

• LEONI and Hella to develop wiring harnesses of the future

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News of  February 28, 2001
.

DaimlerChrysler Reports Full Year and Divisional Results

• Group Operating Profit down 11% to 9.8 billion euros ($9.2 billion); excluding one-time effects a decline of 49% to 5.2 billion euros ($4.9 billion) 
• Record Operating Profit (without one-time effects) of 2.9 billion euros ($2.7 billion) at Mercedes-Benz Passenger Cars and smart in 2000 
• Commercial Vehicles Operating Profit up 8% to 1.2 billion euros ($1.1 billion) in 2000 
• Chrysler Group Operating Profit down by 90% to 0.5 billion euros ($0.5 billion) 
• DaimlerChrysler Services Operating Profit declined 38% to 0.6 billion euros ($0.6 billion) (adjusted for one-time effects). 

Stuttgart/Auburn Hills – DaimlerChrysler announced full year figures for 2000, including the performance of its operating divisions.

DaimlerChrysler Group

In 2000, Revenues increased 8% to a record 162.4 billion euros ($152.4 billion) (1999: 150 billion euros), on a comparable basis

Revenues increased by 12%. 

Operating Profit was hit by Second Half losses in North America. Including one-time effects, Operating Profit fell by 11% to 9.8 billion euros ($9.2 billion) (1999: 11.0 billion euros). Net income rose 37% to 7.9 billion euros ($7.4 billion) (1999: 5.7 billion euros) and EPS increased from 5.73 euros to 7.87 euros ($7.39), due mainly to a lower tax burden. Excluding one-time effects, which had a net positive effect of 4.5 billion euros ($4.3 billion), Operating Profit declined by 49% to 5.2 billion euros ($4.9 billion) (1999: 10.3 billion euros). Net income declined by 44% to 3.5 billion euros ($3.3 billion), with EPS of 3.47 euros ($3.26), down from 6.21 euros.

Dividend

The Board of Management and the Supervisory Board will recommend at the Annual Meeting on April 11, 2001 in Berlin, an unchanged dividend of 2.35 euros ($2.21) per share.

Mercedes-Benz Passenger Cars and smart

Mercedes-Benz Passenger Cars and smart had another record year. Worldwide sales increased by 7% to 1,154,900 units (1999: 1,080,300). Revenues rose from 38.1 billion euros in 1999 to 43.7 billion euros ($41.0 billion), an increase of 15%. Operating Profit adjusted for one-time effects was 2.9 billion euros ($2.7 billion) (1999: 2.7 billion euros), up 6%.

The division increased its share of the German market, despite a declining market trend. For the first time, more than 200,000 Mercedes-Benz vehicles were sold in the U.S.

The new C-Class with sales of 147,900 was extremely well received, as were the M-Class and the S-Class. The S-Class sedan was again the leader in its segment with a worldwide market share of 53%. Sales of the smart totaled 102,100 (1999: 79,900).

Chrysler Group

The Chrysler Group had an extremely difficult year in 2000 and is in the midst of a wide-ranging Turnaround Plan. Unit Sales declined slightly to 3.0 million vehicles (1999: 3.2 million). Revenues were up 7% to 68.4 billion euros ($64.2 billion) (1999: 64.1 billion euros), due mainly to the strength of the US dollar against the euro. Measured in US dollars, Chrysler Group's revenue fell by 8%. Operating Profit went down by 90% to 0.5 billion euros ($0.5 billion) (1999: 5.2 billion euros) as a result of losses incurred in the second half of the year due to a combination of intense competition in the US, higher spending on incentives and costs associated with new model launches.

Commercial Vehicles

Although Unit Sales of Commercial Vehicles declined slightly from 554,900 in 1999 to 549,000 in 2000, revenues increased by 8% to 28.8 billion euros ($27.1 billion) (1999: 26.7 billion euros). Operating Profit rose from 1.1 billion euros ($1.1 billion) to 1.2 billion euros despite a significant slowdown in the second half at Freightliner in the US. On the other hand, truck markets in Brazil and Turkey recovered.

Commercial Vehicles launched a number of new models in 2000 including the heavy duty Actros SLT, the Unimog module carrier U500, the Medio minibus, the OC500 bus chassis, and a redesigned Sprinter van. Two significant acquisitions were made: Western Star, the Canadian premium manufacturer of heavy trucks and its bus brand Orion; and Detroit Diesel, one of the world's leading manufacturers of heavy-duty diesel engines for on-highway applications.

DaimlerChrysler Services

To reflect a sharper focus on financial services along the automotive chain, the division's name has been changed from debis to DaimlerChrysler Services AG.

In 2000, Revenues grew strongly rising 36% to 17.5 billion euros ($16.5 billion) (1999: 12.9 billion euros). 

However, Operating Profit (adjusted for one-time effects) declined 38% from 1.0 billion euros to 0.6 billion euros ($0.6 billion), particularly as in the second half of 2000, growing pressures and rising interest rates led to more intensive competition in financial services and a significant decline in earnings in the US.

The one-time effects were caused, on the one hand, by a gain of 2.3 billion euros ($2.2 billion) from the disposal of a controlling interest in debis Systemhaus. On the other hand falling used-car prices - - especially in the US - - led to a value adjustment of leased vehicles by 0.5 billion euros ($0.5 billion). 

Aerospace

Last July, DaimlerChrysler Aerospace (Dasa), France's Aerospatiale Matra and Spain's Casa merged to form the European Aeronautic Defence and Space Company (EADS).

It is the largest aerospace company in Europe and the third largest in the world. 5 EADS enjoyed a successful Initial Public Offering (IPO) on the stock market and DaimlerChrysler became the largest shareholder with a stake of approximately 33%.

It resulted in a one-time gain in Operating Profit of 3.3 billion euros ($3.1 billion). As a result of the changes in ownership, Dasa has only been included in DaimlerChrysler's consolidated financial statements for the first half of 2000.

Since July 1, 2000 EADS is included at equity, in proportion to the stake held in EADS by DaimlerChrysler. Due to consolidation effects, Revenues of EADS declined 41% to 5.4 billion euros ($5.1 billion) in 2000, while Operating Profit fell 38% to 0.5 billion euros ($0.4 billion) (1999: 0.7 billion euros).

Other Industrial Businesses 

In 2000, the sale of Adtranz, DaimlerChrysler rail systems unit, to Bombardier was agreed, subject to approval by EU regulators. In 2000, Adtranz Revenues rose 9% to 3.9 billion euros ($3.7 billion) (1999: 3.6 billion euros), incoming orders were up 24% to 4.1 billion euros ($3.8 billion), and break-even was achieved.

Automotive Electronics (TEMIC) had a good year with a 20% growth in Revenues to 1.1 billion euros ($1.0 billion) (1999: 0.9 billion euros). Incoming orders were up 13% to 1.2 billion euros ($1.1 billion).

MTU/Diesel Engines increased Revenues by 8% to 1.0 billion euros ($1.0 billion), primarily in commercial applications for ships and distributed power systems.

(Feb. 26, 2001)

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