Chrysler says exceeding financial targets

NEW YORK, Dec 21 (Reuters) - Chrysler LLC on Friday called recent media reports about its financial picture inaccurate, saying the auto maker is exceeding most financial targets heading into 2008.

The company issued a statement after the Wall Street Journal reported that the company has slipped into a serious financial crunch just four months after Cerberus Capital Management LP rescued the auto maker. The newspaper said Chrysler Chairman and Chief Executive Robert Nardelli recently told employees the company is headed for a substantial loss this year and is scrambling to sell assets to raise cash.

But in a statement, Nardelli said the company has ample liquidity and is fully funded with working capital to meet present and future goals.

In a 13-hour meeting this week with parent company Cerberus, Chrysler's 2008 plan was unanimously approved, Nardelli said in the statement.

(Reporting by Tim McLaughlin)