NEW YORK – Financial difficulties haven't affected budgeting for research and development, says Bernard Robertson, Chrysler Group senior vice president-engineering and regulatory affairs. The budget has ranged from 2.8% to 3% of revenue for the past three years, or about $1.8 billion annually. This has enabled Chrysler to retain all of its projects, and taken on additional programs in collaboration with Mercedes, he says. Robertson’s remarks come at a press conference here to announce a ...
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