Chrysler 2013 free cash reduced by higher capex, less growth-CFO

Newswire

DETROIT, Jan 30 (Reuters) - Chrysler Group LLC's forecast of reduced free cash flow in 2013 is the result of a slower rate of growth of auto sales and higher capital expenditures, Chief Financial Officer Richard Palmer said on Wednesday. Chrysler said that both its 2013 and 2014 free cash flow would be about $1 billion, down from $2.2 billion last year. Still, Chrysler Chief Executive Officer Sergio Marchionne, speaking on a conference call, said 2013 free cash ...

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