Cerberus says Daimler distorted Chrysler loss

Newswire

By Kevin Krolicki DETROIT, Feb 28 (Reuters) - Chrysler LLC on Thursday said a loss for the automaker as reported by minority owner Daimler AG did not reflect its operating profitability during its first months as a private firm. Daimler AG had reported on Wednesday that the Detroit-based automaker sustained a net loss equivalent to about $2.9 billion between the close of its spinoff on August 4 and the end of the third quarter. Daimler, which surprised analysts by including the detail ...

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