Friday, May 25, 2018
One of America's Great Newspapers ~ Toledo, Ohio


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.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…