FRANKFURT -- DaimlerChrysler is maintaining its business outlook for the time being and will give an update when it reports quarterly results on July 28, the world's fifth-biggest carmaker said on Tuesday.
"As long as we don't say anything to the contrary the previous outlook applies," a spokesman said in response to market talk that the carmaker may lower its forecasts.
"There are rumors in the market that Daimler will cut its business outlook," said one Frankfurt trader.
When reporting first-quarter results in April, the company said it expected a slight increase in 2005 operating profit, but only when excluding up to 1.2 billion euros ($1.43 billion) in charges to restructure its loss-making Smart minicar business.
It also forecast a slight increase in unit sales at its premium Mercedes Car Group and higher unit sales at U.S. arm Chrysler.
The spokesman denied rumors in the market that Daimler may postpone its second-quarter results past July 28.
"We are sticking to our timeline," he said.