×Pending Replies will be live across Kinja on Thursday, August 21. Read more.

Chrysler Discloses $515 Million First-Quarter Loss

Chrysler LLC revealed a $515 million first-quarter 2008 loss, despite the fact that the privately held firm isn't required to discuss earnings. So what gives? Ex-lover Daimler spilled the beans Thursday, stating that its 20% stake in Chrysler lost about $105 million in value. The Detroit News did some quick math,… » 7/25/08 9:30am 7/25/08 9:30am

Nardelli: Cerberus Not Second-Guessing Chrysler Purchase. What About…

Cerberus Capital Management is not second-guessing its 2007 purchase of Chrysler from Daimler, and the the business is "on track," Chrysler LLC CEO Robert Nardelli said Tuesday at a Wall Street Journal press conference. Nardelli has been facing speculation that Cerberus got in over its head with the Chrysler purchase,… » 6/12/08 1:20pm 6/12/08 1:20pm