Saturday, Oct 22, 2016
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Chrysler tells investors of $300M loss this year

AUBURN HILLS, Mich. Chrysler LLC had an operating loss of about $300 million in the first four months of the year, less than projected by owner Cerberus Capital Management LP, according to documents provided to investors.

Cerberus had forecast a deficit of about $700 million, according to the report, presented at a recent meeting of the private-equity firm s investors.

Chrysler hasn t disclosed financial figures since being sold by Daimler AG to closely held Cerberus for $7.4 billion in August. The report said Chrysler had an operating loss of $1.2 billion in 2007 on revenue of $59.7 billion and ended the year with $9.5 billion in cash.

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