DaimlerChrysler chief executive Jurgen Schrempp on Tuesday reiterated that the company was on track to meet its operating profit goal this year, despite a tough US market, Reuters reported.
Go deeper with GlobalData
“We still believe that we can achieve around five billion euros at the operating level,” Schrempp told the news agency on the sidelines of the Frankfurt motor show.
If US unit Chrysler, struggling to return to long-term profits after a deep second-quarter loss, posted a worse-than-expected result, this would be compensated for by improvements in other areas, Schrempp told Reuters.
The news agency noted that Chrysler currently expects to post a small operating profit this year, but has said risks remain due to the difficult market situation in the United States.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
