Daimler Chrysler ’s premium Mercedes Car Group aims to boost operating profit sharply to $5.10 billion by 2008 while chopping its payroll, German newspaper Handelsblatt reported on Monday. Mercedes — which groups the Mercedes-Benz , Smart and Maybach brands — generated 2004 operating profit of $2 billion. DaimlerChrysler’s supervisory board approved a three-year plan on Friday that paves the way for sharp job cuts beyond the 8,500 posts already slated to go via voluntary reductions at Mercedes-Benz in Germany, despite opposition from worker representatives.
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