Chrysler group to post $1.5 billion loss in third quarter

FRANKFURT (Reuters) -- DaimlerChrysler cut its 2006 operating profit forecast by around $1.27 billion (1 billion euros) today and predicted the Chrysler group could lose $1.5 billion (1.2 billion euros) in the third quarter, much worse than first thought.

DaimlerChrysler now expects 2006 operating profit of only around $6.34 billion (5 billion euros). more news in www.autonews.com.