Leading position in the relatively recession-resistant luxury-vehicle industry, with Mercedes Car Group exceeding its original 7% operating profit target for 2007 after turnaround Broad geographic diversity and improved cost structure is allowing DaimlerChrysler's Trucks division to reach satisfactory profitability even under a market downturn scenario Moderate financial leverage Above-average financial flexibility Large onetime drain on net profit and cash flow in 2007 after Chrysler spin off Formerly strong profit contribution from Financial Services is dampened by the challenging separation of Chrysler Financial Services The ratings on Germany-based automaker DaimlerChrysler AG reflect the broad product and geographic scope of the group's operations, as well as the turnaround in recent years at Mercedes Car Group (MCG), which enjoys a leading share of