UPDATE 2-Chrysler earnings down 65 pct on product launches

Newswire

By Bernie Woodall DETROIT, April 29 (Reuters) - Chrysler Group LLC said on Monday quarterly profit fell 65 percent as it absorbed the costs of new-vehicle launches. The No. 3 U.S. automaker, which emerged from a government-sponsored bankruptcy four years ago, stood by its financial forecasts for 2013, including net income of $2.2 billion, up from $1.7 billion in 2012. "We remain on track to achieve our business targets, even as the ...

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