Marchionne: Chrysler could pass $3 billion operating profit in 2012

Sergio Marchionne

Chrysler CEO Sergio Marchionne believes that the Auburn Hills automaker could pass a $3 billion operating profit in 2012, following a strong first half of the year.

“Chrysler sold 1.23 million cars in the first half, which is over half of our target,” Marchionne said at a press conference. “The objective of $3 billion is close at hand. We could overshoot it.”

Separately, Marchionne said that if Chrysler wants to make more than 2.8 million cars in the United States, the company will have to seek more production capacity.

When questioned when Fiat will buy the rest of Chrysler, he said he ‘sees no reason’ not to continue gradually buying up the stake up to 2016. Marchionne said that waiting until 2016 could be too long and that the rest of the stake could be bought with cash.

– By: Omar Rana

Source: AutoNews


72 Honda XL 250 Heat Shield for Air Box Exhaust NICE XL250 OEM  T3 picture
72 Honda XL 250 Heat Shield for Air Box Exhaust NICE XL250 OEM T3
84 Goldwing Exhaust Assembly Header Pipes to Turn Downs NICE Gold Wing 1984 T4 picture
84 Goldwing Exhaust Assembly Header Pipes to Turn Downs NICE Gold Wing 1984 T4
09 Honda FSC 600 FSC600 Silverwing muffler pipe exhaust oxygen O2 O 2 sensor picture
09 Honda FSC 600 FSC600 Silverwing muffler pipe exhaust oxygen O2 O 2 sensor
72 Suzuki Duster TS 125 Skid Plate Exhaust Shield NICE  TS125J T2 picture
72 Suzuki Duster TS 125 Skid Plate Exhaust Shield NICE TS125J T2
1974 Honda XL 175 Exhaust Manifold Header Clamp Flang NICE XL175 OEM  T3 picture
1974 Honda XL 175 Exhaust Manifold Header Clamp Flang NICE XL175 OEM T3