Chrysler Group LLC, Auburn Hills, Mich., contributed $252 million to its pension plans worldwide in the second quarter, ended June 30, according to a company financial report released Monday.
Daimler AG, Chrysler's former parent, provided $200 million of the contribution to U.S. plans in June to fulfill its agreement with the Pension Benefit Guaranty Corp. to contribute a total of $600 million over three years.
The other $52 million of the contribution went to non-U.S. pensions, according to Mike Palese, Chrysler spokesman.
In the second half of the year, Chrysler doesn't expect to contribute to its U.S. plans but expects to contribute $55 million to its Canadian plans, the same amount it contributed worldwide in the quarter ended March 31.
Last year, Chrysler contributed $240 million to its pension plans from June 10, when the company emerged from bankruptcy, through Dec. 31, according to a company report in April.
As of Dec. 31, Chrysler's U.S. pension plan assets totaled $20.7 billion and its non-U.S. plans, primarily Canadian, $4 billion, Mr. Palese said in a statement.
Chrysler contributed $2 million in the second quarter and $1 million in the first quarter to its defined contribution plans worldwide, according to the latest report. The company contributed a total of $2 million to its U.S. and non-U.S. defined contribution plans from June 10 through Dec. 31.
Chrysler had $4 billion in U.S. DC assets as of Sept. 30.
Chrysler is owned 67.69% by the $45 billion UAW Retiree Medical Benefits Trust, 20% by Fiat SpA, 9.85% by the U.S. government and 2.46% by the Canadian government, according to the earlier report.
