DaimlerChrysler sticks with Chrysler margin target

Newswire

FRANKFURT, Sept 23 (Reuters) - DaimlerChrysler's chief executive is sticking to an operating margin target of 5 percent in 2010 set for its Chrysler unit despite the company's recent profit warning, a German magazine reported on Saturday. "The target is 5 percent. We set that target for ourselves last year. And there is no reason to change it," CEO Dieter Zetschke told Automobilwoche magazine. Chrysler said last week a glut of unsold inventory meant it could lose 1.2 billion euros ($1.5 ...

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