The ratings on Germany-based carmaker DaimlerChrysler AG reflect the company's position as a leading producer of passenger cars and commercial vehicles, and its moderate financial policy. DaimlerChrysler has a particularly strong global competitive position in luxury passenger cars sold under the Mercedes-Benz brand. Demand for luxury vehicles is relatively recession-resistant, and pricing is favorable. Following the introduction of a series of successful new products, the company has significantly expanded its luxury vehicle sales volume and market share in recent years. Having incurred a massive operating loss of The ratings on Germany-based carmaker DaimlerChrysler AG reflect the company's position as a leading producer of passenger cars and commercial vehicles, and its moderate financial policy. DaimlerChrysler has a particularly strong global competitive position in luxury passenger cars sold under the Mercedes-Benz brand. Demand for luxury vehicles is relatively recession-resistant, and pricing is favorable. Following the introduction of a series of successful new products, the company has significantly expanded its luxury vehicle sales volume and market share in recent years. Having incurred a massive operating loss of €2.2 billion ($2.2 billion) in 2001 (excluding a €3.0 billion restructuring charge), the benefits of a restructuring plan initiated in early 2001 have since emerged. Chrysler's operating profits bounced back to €609 million
