F&I Management & Training

Chrysler has reported a loss of nearly €380m (£314m) during the second quarter of the year.

As a consequence Daimler, which has a 20 per cent stake in the American carmaker, has reported a charge of €351m in its third quarter, blaming Chrysler's second quarter struggles.

Chrysler said €76m of the charge was within its automotive business.

The other losses were reportedly due to adjustments, such as the reconciliation between US and international accounting standards.

The beleaguered carmaker remains in talks with fellow American manufacturer General Motors regarding a possible merger.

DATED: 27.10.08

FEED: MT