Chrysler May Not Break Even in 2002
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Bloomberg News
Chrysler Chief Executive Dieter Zetsche said he can’t promise that the DaimlerChrysler unit will break even next year as sales lag in a U.S. economic recession.
“I’m not committing to break even at that point of time--but that’s our goal,” Zetsche said, indicating the No.3 U.S. auto maker might lose money again next year.
Chrysler’s U.S. sales dropped 11% this year through November, six times the industrywide decline. Market share fell to 13.2% from 14.6%.
The company’s U.S. shares fell 76 cents to close at $40.36 on the NYSE.