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Automaker posts loss

Tuesday, Oct. 21, 2003 | 9:30 a.m.

FRANKFURT, Germany -- DaimlerChrysler posted a loss of euro1.65 billion ($1.92 billion) in the third quarter as it took a huge write-off on its stake in European aerospace company EADS. Its operating profit fell 19 percent.

The loss reported today contrasted with a profit of euro780 million in the same quarter a year earlier. Sales fell to euro34.6 billion ($40.2 billion) from euro36.3 billion a year ago.

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