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Normally the privately owned Chrysler LLC is under no obligation to reveal its financial performance to Wall Street, but yesterday the Cerberus-owned automaker was forced to show a few pages from its accounting books thanks to one of its largest stakeholders and former owner, Daimler AG. The German automaker revealed that in the last six months, its 19.9% stake in Chrysler has cost it $585 million. To clarify Daimler's numbers, Chrysler also revealed yesterday that the loss being attributed to it, all of which was incurred in Daimler's first fiscal quarter of the year, is around 65 million euro, or $103 million, using American accounting standards. Perhaps realizing that all analysts had to do was multiply Daimler's loss by five to arrive at Chrysler's total loss for the last quarter, the automaker just came right out and said it lost about $515 million. While a mere pittance to the $8.7 billion worth of red ink Ford spilled during Q2, it was enough to drag down Daimler's numbers halfway around the world.

[Source: The Detroit News, Photo: Fire Monkey Fish | Licensed under Creative Commons 2.0]


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  • 22 Comments
      • 6 Years Ago
      The hell with the interior, look at the exterior!!! Given the same materials, they could at least form them into a more pleasing shape without spending any more money than they currently do putting out crap. That said, the same goes for the interior...awful. We have the talent and skills in this country to make better cars, but unfortunately, it's all in the hands of idiotic management!
      • 6 Years Ago
      If Chrysler only lost $500 million then they are doing GREAT compared to GM and Ford.
        • 6 Years Ago
        $8B of Ford's $8.7B is a writedown on assets. It is totally ridiculous of AB and others to throw around the $8.7B number as if that is what Ford lost in sales profit or implying that it is an apple to apple comparison with Chrysler's number.
        Come on AB, do some homework and provide accurate comparisons.
      • 6 Years Ago
      So what? Ask anyone in here and they'll tell you that Detroit has some good cars, like Aura and Astra and Fusion. Yet they do not sell well, and even if they do not at the price car maker makes lots of money on. Hybrids or not people want good cars, nice interior, good quality........detroit has screwed the public so many times they are not willing to risk it again.



      As for euro cars, Pontiac had a Australian build muscle car in here few years ago.......was a big failure. Ford had that Mercur thing.
        • 6 Years Ago
        Aura and Astra are phenomenal cars. The problem is that GM has only 400 dealers across the country to sell them. So how can Saturn compete with Chevrolet, Ford, Chrysler, Toyota, Honda and Nissan that have thousands of dealers? Saturn is pretty much crowded out of the marketplace.

        However since GM is finally planning to merge Saturn with BPG, the prospects are looking that much brighter. The next big hurdle to overcome is manufacturing Astra in America to avoid the Euro vs dollar debacle.

        As for Fusion...Ford missed the mark with that moniker. If Ford had called it the new Taurus, it would have sold like hotcakes. Renaming the Five Hundred as Taurus killed a lot of potential sales. Taurus was essentially a midsize FWD sedan, and was not supposed to be a full size FWD sedan. Lesson learned, I hope.
        • 6 Years Ago
        @jaime

        What are your sources for saying GM is going to merge Saturn with BPG?
      • 6 Years Ago
      As is in most divorces, one party (Daimler) is being a crying baby and needs to point fingers. There will be an upswing from the Daimler years for Chrysler, but its gonna take time.
      • 6 Years Ago
      Soz. (made)X mad
      • 6 Years Ago
      Ok here's my question, has anyone in here seen interior of a Chrysler or a Dodge? If your answer is YES, are you surpriced that they are losing money??????????????????????????????????
        • 6 Years Ago
        I think they might be failing because they employee people with your education/intelligence. Zing.
        • 6 Years Ago
        Surprised, yes. Surpriced, wat?
      • 6 Years Ago
      All I want to know is if Chrysler has anything in development right now? Some pictures of anything they are working on would be helpful.
      • 6 Years Ago
      Doomed, no. These guys have lost money for years and frankly if you look at other car companies and the past, 515 actually is not horrible. 585 million versus 8.7 billion is a pittance in the grand scheme of things.
      • 6 Years Ago
      I think its a stretch to say that Ford or GM are doomed. Chrysler is most likely not doomed as I can see them being bought out and merging if things do not improve. As far as GM and Ford i think the 2010/11 model year will be a good indicator of their futures. Ford seems to have the clearest plan (finally) in my opinion with their decision to bring over its euro lineup. Brand identity is much different across the pond due to higher quality standards. With the plant retooling here, they will be much more adaptive in our unstable economy. Also their 8.7 billion loss is not that crazy considering their heavily reinvesting in their own company. It was more of a 2 billion cash loss leaving them at around 26 billion in cash... hardly enough to throw the "doomed" term around.
      • 6 Years Ago
      I like my Dakota interior...big knobs and buttons, easy to reach, intuitive positions. Seats are very comfortable, the ride is good, fuel economy is very good (for a V8 truck) and it even takes the turns well (again, for a truck). Sure, there is alot of plastic on the inside....but c'mon..it's a freakin truck...I don't want vinyl on my door panels that will get torn easily.
      • 6 Years Ago
      All Daimler has to do is look in the mirror to figure out why they got hit with a $500+ million loss.
      • 6 Years Ago
      I'm sorry to say this but in America GM have gone a bit made. To put it into context, in England and europe Ford .ect are doing great! Our Mondeo looks amazing, our focus is not a block of recycled children and the new Kuga is out of this world. So why are they only just starting to our cars out there? You all love the new fiesta; and the Astra has been out here for years badged as a Vauxhall. they only have them selves to blame!
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