DaimlerChrysler says incentives, inventory too high

Newswire

NEW YORK, June 27 (Reuters) - DaimlerChrysler AG Chairman Dieter Zetsche on Tuesday said the company's U.S. unit was struggling with unacceptable levels of vehicle inventory and was spending too much on incentives to clear the glut. "Our sales projection was too optimistic," Zetsche told reporters. The remarks come just days before Chrysler is to roll out a new sales promotion campaign for July, expected to include employee-level pricing for any car buyer, money-back guarantees and a new ...

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