Post-sale Chrysler loses $2.7 billion
From Times Wire Services
Chrysler lost about $2.7 billion in the two months after Daimler sold controlling interest in the automaker to a New York private equity firm, Daimler said in its annual report.
The figure, for the period from Aug. 4 to Sept. 30, 2007, was calculated under international financial reporting standards used in Europe and not under U.S. accounting standards, Daimler said.
