US: Loan repayments inflate Chrysler’s Q2 net loss

Chrysler has reported improved financial metrics in the second quarter of 2011, although the OEM's reported net loss increased significantly year-on-year, reflecting a non-recurring US$551m charge associated with the repayment of US Treasury and Canadian government loans. The company has reaffirmed its financial targets for 2011, namely: net revenue of over Subscribe to Automotive World … Continued

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• July 26, 2011