According to Reuters, Chrysler head Dieter Zetsche was quoted on Sunday as saying that tough market conditions in the United States were set to continue next year.
“We had expected that the next year will be a bit easier,” Zetsche was quoted by Reuters as saying to the Stuttgarter Zeitung. “Now, we are expecting that competition will stay very tough also next year.”
The remarks came in an advance copy of an article due for publication on Monday, Reuters said.
According to Reuters, Zetsche blamed high incentives offered by rivals General Motors and Ford for the tough market environment, saying Chrysler’s incentives were lower.
He said the car maker was not prepared to fight for market share at any price but that it expected its share of the US market to grow next year from a current 13.2%, according to the Reuters report.