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DaimlerChrysler AG reported profits plunged 37 percent in the third quarter as the Chrysler Group posted a $1.5 billion loss. The $1.5 billion operating loss at Chrysler compared with an operating profit of $360 million the year prior. Bodo Uebber, DaimlerChrysler's chief financial officer, said the company was reviewing all aspects of its U.S.-based operations, including management and strategy. When asked if he could say that a sale of Chrysler had been ruled out, Uebber said he could not provide any more information.
