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February 05, 2003
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This Week:

• Porsche Carrera GT Makes World Debut in Geneva

• Opel Speedster Turbo Makes Its World Premier At The Geneva International Motor Show

• XC90 Is Pace-Setter in January Sales for Volvo ... 12.8 percent increase in North America

• BMW Group Opens New Engine Test Building - Modular Building Complex for Efficient Engine Development

• Toyota FCHV Hydrogen Fuel-Cell Vehicles Earning Top Grades In University Programs

• DaimlerChrysler Increases Operating Profit More Than Fourfold in 2002

• GM To Add H2 SUT To HUMMER Portfolio

• New Family Of Small Gasoline Engines in Douvrin, France

• Chrysler Group COO Wolfgang Bernhard Drives First All-New 2004 Chrysler Crossfire Off the Production Line

• Hella Forms Alliance With Japanese Auto Supplier

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DaimlerChrysler Increases Operating Profit More Than Fourfold in 2002

Group operating profit excluding one-time effects of EUR 5.8 billion (including one-time effects EUR 6.9 billion) Net income excluding one-time effects of EUR 3.3 billion (including one-time effects EUR 4.7 billion) Earnings per share excluding one-time effects of EUR 3.30 (including one-time effects EUR 4.68) Board of Management proposes a dividend of EUR 1.50 per share for 2002, an increase of 50% compared to 2001 Stuttgart / Auburn Hills - DaimlerChrysler has announced preliminary key figures for the Group's performance in the 2002 financial year. An operating profit excluding one-time effects of EUR 5.8 billion was achieved (2001: EUR 1.3 billion). Operating profit including one-time effects amounted to EUR 6.9 billion after an operating loss of EUR 1.3 billion in 2001. Despite difficult market conditions, DaimlerChrysler's operating profit was thus more than four times as high as in the prior year.

In the first nine months of 2002, operating profit included net one-time effects of EUR 1.6 billion. DaimlerChrysler published details of these in the context of its quarterly interim reports. In the fourth quarter of the year 2002, Commercial Vehicles recorded one-time charges of EUR 452 million.

These charges were primarily caused by increased structural changes in the Mercedes-Benz Trucks, DaimlerChrysler Buses and Coaches, DaimlerChrysler Powersystems and Mercedes-Benz Vans business units. In the Services division there were additional charges of EUR 168 million due to write-downs in connection with the sale of parts of the Capital Services portfolio.

Net income excluding one-time effects rose to EUR 3.3 billion (2001: EUR 0.7 billion), while earnings per share excluding one-time effects amounted to EUR 3.30 (2001: EUR 0.73).

Net income including one-time effects amounted to EUR 4.7 billion (2001: net loss of EUR 0.7 billion), and earnings per share including one-time effects EUR 4.68 (2001: a loss per share of EUR 0.66).

DaimlerChrysler's total revenues in the year 2002 decreased by 2% to EUR 149.6 billion. Adjusted for changes in the consolidated Group and exchange rate effects, revenues increased by 1.6%.

The Board of Management proposes to the Supervisory Board to distribute a dividend of EUR 1.50 per share for 2002 (2001: EUR 1.00), a 50% increase. The final decision on the dividend will be taken by the Annual Meeting to be held in Berlin on April 9, 2003.

DaimlerChrysler will present details and explanations of the 2002 financial statements at the Annual Press Conference on February 20, 2003.

(Feb 04, 2003)