Report: Chrysler to lose $1 billion in 2007

According to a report by a local newspaper in Halifax, Nova Scotia, the new privately owned Chrysler LLC will lose about $1 billion in 2007.

According to The Daily News article, Chrysler’s vice president of North American sales, Steven Landry, told a group of business students in St. Mary’s University that Chrysler will make $64 billion in revenue this year but will spend $65 billion.

Steven Landry, was in town to donate $100,000 to the university on behalf of Chrysler Canada.

Click here to read our previous post on Chrysler’s Turnaround Plan.


Source: Automotive News (Subscription Required)

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