Warnings that Chrysler Group likely will miss its financial goals for 2003 catch the industry off guard this week. DaimlerChrysler AG issues a guidance from Stuttgart that Chrysler will “find it difficult to achieve the operating profit target of $2 billion for 2003.” The forecast calls for an operating loss of almost $1.2 billion in the second quarter, leaving the auto maker hard-pressed to eke out a marginal profit by year-end. That compares with an operating profit of $777 ...
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