MILAN Jan 30 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
Marchionne said the earnings impact would be a one time
event. He did not provide further details.