Cerberus says Daimler distorted Chrysler loss


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 ...

Premium Content (PAID Subscription Required)

"Cerberus says Daimler distorted Chrysler loss" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×