Chrysler, too, has deficit but cuts 2nd-quarter level

Chrysler Corporation reported a third-quarter loss of $490 million, bringing the auto industry's deficit to $1.7 billion for the three-month period and $3.6 billion for the year thus far. The No. 3 automaker, which went to the edge of bankruptcy last year, was the only Big Three US automaker that managed to trim its losses from the severely depressed second quarter of this year. Its losses so far this year are $1.47 billion. Ford Motor Company said Tuesday its third-quarter loss totaled $595 million, bringing its overall deficit for the first nine months of 1980 to $1.23 billion. Monday, General Motors reported $ 567 million in red ink for the quarter and a nine-month loss of $824 million.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK