DETROIT – Overachieving on the cost-cutting side, to compensate for underachieving on the revenue improvement side, enabled the Chrysler Group to meet its targets at the end of the first year of its 3-year turnaround plan. The losses still are staggering, but they are exactly what President and CEO Dieter Zetsche said they would be when he laid out his plan in February 2001. “Our target for year one was to come in with a $2 billion-$2.5 million loss,” says Zetsche. “We achieved $1.943 ...
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