Chrysler to Raise 2012 Profit Outlook on Sustained U.S. Recovery
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Chrysler Group LLC, the automaker controlled by Fiat SpA, said it plans to raise its full-year profit outlook after the third quarter as the carmaker sees the U.S. market maintaining a rebound to its best year since 2007.
“We will upgrade guidance when we’ve got the Q3 numbers under our belt,” Richard Palmer, chief financial officer of Chrysler and Fiat, said today on a conference call. “We don’t see a slowdown in the second half of the year in terms of the market, and as such we’re forecasting the market to be over 14 million for the full year in the U.S.”