Chrysler losses put brakes on DaimlerChrysler earnings in 2006
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German-US auto giant DaimlerChrysler has said that growth of overall group earnings last year was capped by heavy losses at the US subsidiary Chrysler.
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The German-US auto giant DaimlerChrysler posted weaker second quarter earnings on Wednesday but raised its full-year profit forecast thanks to cash from its sale of shares in the aerospace group EADS.
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Automaker DaimlerChrysler AG lowered its 2006 operating profit forecast Friday, saying its Chrysler Group expects a $1.52 billion loss in the third quarter, more than double the amount anticipated.
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SOUTHFIELD, Mich. -- DaimlerChrysler AG is discussing the sale of its money-losing Chrysler unit to General Motors Corp. as one of the options under consideration by the two automakers, people with knowledge of the talks said.
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The Chrysler Group said today that it expects to lose $1.26 billion in 2006, and that it will cut production in the third quarter by 90,000 vehicles.
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DaimlerChrysler AG  is advancing plans to sell or spin off Chrysler Group, its struggling U.S. unit, and has already received "several expressions of interest from around the world," the Wall Street Journal reported on its Web site on Sunday.
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Shares of DaimlerChrysler AG fell yesterday after Nissan officials said the Renault-Nissan auto alliance is not interested in buying the German-American automaker's money-losing Chrysler division.
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LONDON/GENEVA  - Private equity investors closed in on Chrysler on Tuesday as rival automakers at the Geneva car show displayed scant interest in DaimlerChrysler's  loss-making U.S. division.
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For all of 2006, the worldâs largest automaker reported a $2 billion loss but cited progress in its restructuring.
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Chrysler LLC said on Tuesday its U.S. sales fell 6 percent in August as the automaker cut back on sales to daily rental companies.
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Spinning off Chrysler on the stock  market may be easier and faster than finding someone to buy the  loss-making North American arm of DaimlerChrysler (DCXGn.DE),  analysts said on Thursday.
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Automaker Daimler AG, which sold off most of its stake in Chrysler this year, posted a loss of $2.18 billion for the third quarter on Thursday, largely because of write-offs related to the deal.
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HANOVER, Germany  - DaimlerChrysler's trucks   business will improve its profitability in 2006 and be able to   withstand weaker market conditions next year, division head   Andreas Renschler said on Tuesday.
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Spinning off Chrysler on the stock market may be easier and faster than finding someone to buy the loss-making North American arm of DaimlerChrysler , analysts said on Thursday.
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DaimlerChrysler AG said Thursday it earned euro1.0 billion (&#36;1.27 billion) in the third quarter on good performances from its commercial vehicles division and its U.S. Chrysler arm, rebounding from a large loss a year ago.
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DaimlerChrysler said that its net income fell during the 2nd quarter and that it would take a charge of nearly $3.4 billion for the sale of the Chrysler Group to Cerberus Capital Management.
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DaimlerChrysler DCXGn.DE will not   make any management changes over last week's profit warning at   U.S. arm Chrysler, which is not up for sale, Chief Executive   Dieter Zetsche told a German newspaper.