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Tag Archives: chrysler 2012 results
Chrysler Group Posts 2012 Net Income of $1.7 Billion
Marchionne says he will merge the two groups by 2015. However, he surprised analysts by changing his business plan forecast for Chrysler, slashing free cash flow from $3 billion to only $1 billion for 2014, with 2013 at about half of the $2.2 billion 2012 generated. He needs the cash to develop new products for both Groups while shoring up Fiat’s foundation. Continue reading
