Today, Daimler AG reported on its 19.9 percent share of Chrysler Holding LLC’s first quarter 2008 results under IFRS. Daimler AG’s results for Chrysler Holding LLC include net losses of €65 million on a U.S. GAAP basis, of which a €55 million net loss is attributable to the automotive business of Chrysler LLC.

The difference between the loss of €373 million reported by Daimler AG related to its 19.9 percent interest in Chrysler Holding LLC and the €65 million of net losses is attributable to the following:

Adjustments for differences between U.S. GAAP and International Financial Reporting Standards (IFRS) - (€130 million loss)
Daimler AG adjustments related to Chrysler LLC’s 2007 restructuring actions - (€73 million loss)
Other Daimler AG adjustments not related to Chrysler Holding LLC results - (€88 million loss)
Daimler AG impairment of its rights related to Chrysler vehicle residual values - (€17 million loss)

Chrysler Holding LLC is comprised of Chrysler LLC, the automotive company which manufactures and sells Chrysler, Dodge and Jeep® vehicles worldwide and Chrysler Financial which provides financial services for these vehicles in the North American region.