"Chrysler Group LLC is on track to generate $3 billion in operating profit in 2012 thanks to rising vehicle sales in a recovering U.S. auto market, the company's chief executive said Tuesday.
The auto maker should see its global sales reach two million cars and trucks this year, and rise 20% to 2.4 million in 2012, Sergio Marchionne said in an interview at the company's headquarters here.
After restructuring in bankruptcy court, Chrysler is able to make money if it sells more than 1.5 million vehicles a year, he said, adding that the break-even point drops to 900,000 cars and trucks in 2012." [Continue reading...]
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