Daimler pegs Chrysler Q2 losses at nearly $2.26 billion

According to Daimler AG figures released today, Chrysler lost about $2.26 billion in the second quarter. That figure is derived from Daimler’s International Financial Reporting Standards (IFRS) results with an  adjustment for the euro and Daimler’s 19.9 percent share.

In the world according to GAAP, Chrysler says its net loss was about $489 million on its automotive operations, which may not cover any losses at Chrysler Financial.

Chrysler attributes the difference of over a billion dollars to the differences between IRFS and the Generally Accepted Accounting Principles (GAAP) methods and to Daimler making over $592 million worth of adjustments the Detroit automaker says are not related to Chrysler Holdings LLC. Such adjustments might include residual write-downs from leases written while Chrysler was merged with Daimler. Factoring out the unrelated charges, Daimler is saying Chrysler’s second-quarter loss (IFRS) was just over 1.1 billion dollars.