On Aug. 11, 2004, Standard&Poor's Ratings Services revised its outlook on German automaker DaimlerChrysler AG to stable from negative following strong operating profit improvements at the Chrysler Group. At the same time, the 'BBB/A-2' corporate credit ratings on DaimlerChrysler were affirmed. The outlook revision reflects Standard&Poor's expectation that DaimlerChrysler will be able to meet its target to clearly exceed the 2003 operating profit (before one-time items), based primarily on Chrysler's return to being a positive contributor to earnings. It is also supported by the commercial vehicle division's continued improvements and the ongoing stable performance of the group's services division. After an operating loss of €796 million in the first six months of 2003, Chrysler posted a
