More Than A Speed Bump At Chrysler?
The second quarter of 1997 will not be one that Chrysler Chairman Robert J. Eaton will remember fondly. Sales dropped 11% in April and 17% in May. Analysts predict as much as a 10% dip in June. The company's U.S. market share slipped to 14.6% in May, from 16.5% a year earlier. Because of a month-long engine-plant strike and slow sales, Chrysler's second-quarter profits will be about $500 million--half of what it earned the same time last year.
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