Reuters logo
Chrysler 2013 Q1 earnings slightly lower than yr ago- CEO
January 30, 2013 / 4:51 PM / 5 years ago

Chrysler 2013 Q1 earnings slightly lower than yr ago- CEO

MILAN, Jan 30 (Reuters) - Fiat Chief Executive Sergio Marchionne said on Wednesday that its U.S. unit Chrysler would have slightly lower earnings in the first quarter of 2013 compared to a year ago because of production declines related to new product launches.

“We will be under-producing compared to the first quarter of 2012, so the performance of Chrysler in the first quarter of this year is expected to be lower,” Marchionne said on a conference call with analysts on Wednesday.

Chrysler will launch a new Jeep Grand Cherokee, and a new Liberty.

Marchionne said the earnings impact would be a one time event. He did not provide further details.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below