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Wednesday, November 04, 2009
Chrysler CFO Sees Strong Growth, Profit Into 2014
By Shawn Langlois
MarketWatch Pulse
DETROIT -- Chrysler Group CFO Richard Palmer said Wednesday that he expects the automaker, through its partnership with Fiat, to sell about 2.8 million cars and trucks by 2014, up from 1.3 million in 2009, with the Jeep and Chrysler brands leading the improvement. He said the forecast is based on the U.S. market growing from 10.5 million cars and trucks in 2009 to 14.5 million in 2014. Palmer said he expects Chrysler to break even in 2010 and post operating earnings of up to $8.5 billion in 2014, by which point, all federal debt will be paid.
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