DETROIT -- Chrysler LLC stands to lose about $1 billion in 2007, according to a report published Thursday, Nov. 29, by the local newspaper in Halifax, Nova Scotia.
Steven Landry, Chrysler vice president of North American sales, told a group of business students at St. Marys University that Chrysler will generate $64 billion in revenue this year but will spend $65 billion, according to the story in The Daily News, written by reporter Andrea MacDonald, who was at the speech.
Landry, a native of Nova Scotia, was in Halifax to donate $100,000 to the university on behalf of Chrysler Canada. Chrysler is owned by Cerberus Capital Management, a private equity firm that does not report financial figures. A Chrysler spokesperson declined to comment on the report.