The obvious answer is not. But MAN did the beleaguered American automaker get bent out of shape when analysts did the math on Daimler's financial report and reckoned Chrysler dropped $2.7b in Q4. Chrysler told TTAC (and the world) that they had "positive operational earnings," and confirmed (to us) that they meant honest-to-God profits. As we pointed out, that kinda conflicted with Chrysler CEO Bob Nardelli's previous statement. The ChryCo jeffe admitted that Chrysler was "operationally bankrupt" (which also triggered a PR offensive in all senses of the word). And now we read in The Detroit News that Bob Nardelli addressed cash flow in his usual "we're privately held so we can move fast and not have to pander to stockholders with 'the collective attention span of kindergarteners.'" "Yes, We don't have to worry about over-reaction in the market," Nardelli told Daniel Howes. "We are still on track to deliver a positive cash flow. We are not there yet." So what exactly does "positive operational earnings" mean, then? You know, other than something a lot less than the truth.
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