Former Chrysler reports $1 million December net loss; sales improve

By Caroline Salls

Pittsburgh, Feb. 1 - Old Carco LLC, formerly Chrysler LLC, reported a $1 million net loss for December on negative $62 million in revenues, according to its monthly operating report filed Sunday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the company posted $479 million of net income for November on negative $110 million in revenues.

The latest figures include $203 million in reorganization items, driven by a $206 million loss on the company's Fiat transaction.

The company had $146 million in cash and cash equivalents at Dec. 31, down from $265 million at the end of November.

Chrysler, an Auburn Hills, Mich.-based automotive company, filed for bankruptcy on April 30, 2009. Its Chapter 11 case number is 09-50002.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.