DaimlerChrysler AG Posts First Quarter Net Profits

(Auburn Hill, MI) -- DaimlerChrysler AG has posted first quarter net profits of two-point-six-billion-dollars. The news comes as the automaker meets today with Cerberus management, the leaders of the United Workers, as well as the Canadian Auto Workers. It was announced yesterday that the private equity firm Cerberus is buying an 80-percent interest in the Chrysler Group.