Chrysler earnings down 65 pct on product launches

Newswire

April 29 (Reuters) - Chrysler Group LLC's quarterly profit fell 65 percent as it absorbed the costs of new-vehicle launches, the company said on Monday. The No. 3 U.S. automaker also reaffirmed its financial forecasts for 2013, including net income of about $2.2 billion. "We remain on track to achieve our business targets, even as the first-quarter results were affected by an aggressive product launch schedule," said Sergio Marchionne, chief executive officer of ...

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