MILAN, July 30 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.