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Freightliner's revenue fell 19percentt, and operating profit for Daimler's commercial vehicle division dropped 94percentt.
Rover's sport utility vehicle division is expected to be purchased by Ford Motor Company.
BMW of Germany agreed to sell Rover's profitable Land Rover sport utility vehicle division to Ford.
BMW said the collapse did not affect its $3 billion sale of Rover's sport utility vehicle division to Ford.
Mr. Cordes, 53, has cut thousands of jobs since taking over Daimler's commercial vehicle division in 2000.
The company's commercial vehicle division continued to bounce back from a near meltdown of the truck market in 2001.
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Once the brands are gone, G.M. will be left with four vehicle divisions — Chevrolet, Cadillac, GMC and Buick — in the American market.
Earnings at DaimlerChrysler soared, rising more than fivefold in the second quarter, lifted by a continuing recovery at the company's Chrysler unit as well as strong performances in its financial services and commercial vehicle divisions.
[C3.] Daimler Reports Strong Earnings Earnings at DaimlerChrysler rose more than fivefold in the second quarter, lifted by a continuing recovery at the company's Chrysler unit as well as strong performances in its financial services and commercial vehicle divisions.
In fact, she's one of three women who are suddenly, and with little fanfare, running half of the six vehicle divisions at the world's largest — and heretofore very male-dominated — automaker.
Last month, the Ford Motor Company decided to abandon its electric-vehicle division, Think -- the latest setback in the quest for a mass-market electric car.
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