Chrysler will find it ‘difficult’ to turn a net profit for 2010, says CEO Marchionne

Chrysler will find it “difficult” to achieve a net profit for the full year 2010, according to CEO Sergio Marchionne. He did not provide guidance for Chrysler’s financial performance for the third and fourth quarter of the year.

In the second quarter, Chrysler decreased its net loss to $172 million, from a $197 million net loss in the first quarter. Marchionne said that in general, he is “satisfied” with Chrysler’s performance, saying that it is “well ahead of plan” for its turnaround after the bankruptcy. After Vice President Joe Biden spoke to autoworkers
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veyron1001 - 8/26/2010 3:48:09 PM

+1 Boost

Well duh its Chrysler. The left overs of the 3.

Nothing1567 - 8/26/2010 7:06:09 PM

+1 Boost

They should make Mark Hurd the CEO/Pres..They would become the worlds largest automaker after like 4 or 5 years..