Daimler reports Q3 loss of US$2.18B on charges related to Chrysler deal News AutoNews24h.com

Daimler reports Q3 loss of US$2.18B on charges related to Chrysler deal

Auto News : Auto Industry : DaimlerChrysler : Daimler reports Q3 loss of US$2.18B on charges related to Chrysler deal

Automaker Daimler AG, which sold most of its stake in Chrysler earlier this year, posted a loss of 1.53 billion euros (US$2.18 billion) for the third quarter, largely because of writeoffs related to the deal.

Analysts had expected a loss, given the Chrysler sale. The company reported a profit of 868 million euros a year earlier. Excluding the charges related to Chrysler, the company said it would have posted a profit of 1.1 billion euros ($1.57 billion).

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