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Chrysler trims 2013 guidance, Q2 net profit up
July 30, 2013 / 9:21 AM / in 4 years

Chrysler trims 2013 guidance, Q2 net profit up

MILAN, July 30 (Reuters) - U.S. automaker Chrysler Group LLC cut its net income forecasts for 2013 to $1.7 billion to $2.2 billion, from a previous $2.2 billion, and trimmed 2013 vehicle shipments to 2.6 million.

The No. 3 U.S. automaker, which is controlled by Italy’s Fiat , said its net profit for the second quarter rose to $507 million from $436 million a year before.

Net revenue rose 7 percent to $18 billion in the quarter.

Fiat will release its second-quarter earnings later this morning.

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