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Nardelli tells staff Chrysler to lose $1.6 billion this year

A week after a top-level Chrysler LLC executive told a bunch of college students that the automaker was spending more than it was making, CEO Bob Nardelli delivered a similar message to a group of the company's engineers and designers, according to the Detroit Free Press.

Chrysler is poised to lose $1.6 billion this year, Nardelli reportedly said.

Posted by Peter C. T. Elsworth  at 9:54 AM to Chrysler | Permalink

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