The Chrysler Group today reported a $1.48 billion operating loss for the third quarter of 2006 — down significantly from a $393 million operating profit reported during the same time period last year. Chrysler attributes the poor results to a decrease in overall sales and an "unfavorable shift in product and market mix."

Meanwhile, parent company DaimlerChrysler reported an overall operating profit of $1.13 billion, down 51 percent from Q3 2005's $2.32 billion. Overall profit was also down 37 percent to $686 million. The lowered profit was due entirely to the weak showing by the Chrysler Group, which was the only DaimlerChrysler division to report a loss.

The Merecdes group reported an operating profit of $1.26 billion — up 127 percent from the $553 million earned last year during Q3. DaimlerChrysler truck group, financial services, and commercial vehicle division profits all increased.

 

thats better than ford and gm's losses for the same quarter.

 

GM says they have it worked out.
http://www.foxnews.com/story/0,2933,224827,00.html

 

Wonder how long it'll be before they decide to make it up with warranty denials?

 

I get so sick and tired of hearing about these companies complaining about losses. All that happened was they didn't make their projected earnings, it doesn't mean that they are in the red..... Oh well, the oil companies helped GM out by lowering the price of gas, maybe they will find a way to help chrysler out.