More Than A Speed Bump At Chrysler?

Probably not. But as sales slip, CEO Eaton is taking no chances

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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