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Chrysler profit "difficult" this year

Chrysler profit "difficult" this year
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Chrysler’s chief executive Sergio Marchionne has admitted it will be “difficult” for it to make a net profit this year.

Marchionne heads Italy’s Fiat, which has management control of the third biggest US carmaker.

He said he was “satisfied” with the company’s performance in general and it was “well ahead of plan” for a turnaround after emerged from a US government supported bankruptcy just over a year ago.

“We are delivering on everything we said. We are doing it quietly, keeping our head down,” said Marchionne.

Chrysler narrowed its net loss to $172 million in the second quarter, from a $197 million net loss in the first quarter.

Marchionne said that Chrysler’s plans to sell Fiat and Alfa Romeo cars through existing Chrysler dealerships in the US is ahead of schedule.

Fiat 500s are due to go on sale in the US early next year.