On Feb. 14, 2008, Standard&Poor's Ratings Services placed its 'BBB+' long-term corporate credit ratings on Germany-based Daimler AG and related entities on CreditWatch with positive implications. At the same time, the 'A-2' short-term ratings were affirmed. This reflects the strong operating performance of the group and progress made after the separation of its Chrysler unit in August 2007. It also reflects our expectation that Mercedes Car Group is well on track to reach its 2010 EBIT margin target of 10%, having reached an EBIT of €4.8 billion in 2007, representing an EBIT margin of 9.1%. Truck Group, despite being affected by the downturn in the U.S. and Japanese markets, still posted an EBIT of €2.1 billion in 2007.
