DaimlerChrysler AG, Stuttgart, reported a 23% investment return in 2003 for its pension plans for employees outside of Germany, primarily those in the United States, according to the company's annual report. Its German-employee pension plans returned 14.6%, according to the report. Those returns helped the carmaker cut its global pension shortfall as of Dec. 31 to 5.8 billion euros ($7.4 billion), from a shortfall of 8.4 billion euros a year earlier. DaimlerChrysler also contributed 2.1 billion euros to its pension plans last year, according to the report filed today with the SEC.
DaimlerChrysler had global pension assets of 26.3 billion euros on Dec. 31, the company said.