A subdued Juergen Schrempp, chairman of DaimlerChrysler AG, tells shareholders April 11 that the three-year, $3.9 billion recovery plan for the Chrysler Group is on track to return to profitability in 2002 with a 4% profit margin for 2003. He says cost reductions for parts in 2001 have already been attained. At the annual meeting in Berlin that attracted 10,800 shareholders — far fewer than the 18,000 angry stakeholders expected — Mr. Schrempp reports first quarter losses of $715 ...
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