Chrysler has posted double-digit sales growth overseas over the past two months and expects to almost double sales outside North America by 2012, Chief Executive Bob Nardelli said at the New York motor show on Wednesday.
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According to Reuters, he also said the automaker did not see the need to push for deeper cost reductions in its loss-making US operations based on the weak start to 2008 sales in its home market.
“We do not see a need to adjust, based on what we’ve seen in the first couple of months,” Nardelli told the news agency.
Separately, Chrysler sales chief Jim Press was quoted as saying the company expects to post a “big” decline in March US sales from a year earlier, reflecting its decision to pull back from less profitable deals for car rental agencies.
Chrysler had built its turnaround plan around a cautious forecast for the US auto market and would not need to see a recovery emerge in the second half to stay on its plan, Press told Reuters.
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By GlobalDataAfter losing $US1.6bn in 2007, Chrysler was moving “in the direction of profitability,” Nardelli reportedly said.
US forecaster JD Power on Wednesday said US sales this year were now expected to total 14.95m units, the lowest since 1994.
