The ratings on Germany-based automaker DaimlerChrysler AG reflect the broad product and geographic scope of its automotive operations. The ratings also reflect the turnaround in progress at Mercedes Car Group (MCG), which enjoys a leading share of the global luxury-vehicle market. MCG generated an operating profit of €991 million in the third quarter of 2006. The staff cuts of 9,300 in Germany, which will lead to savings, are complete and, most importantly, the loss-making "smart" brand has been realigned and now focuses solely on the "smart fortwo" model. The new model, which is due to be launched in Europe in 2007 and in the U.S. in 2008, has been functionally integrated in the Mercedes-Benz organization. Even if this model is
