DETROIT AP _ Chrysler LLC Chief Executive Robert Nardelli told a group of employees this week that the company is headed for a $1.6 billion loss this year, according to a person familiar with his statements.
Nardelli told a group of engineers and designers that revenue will be less than $63 billion but costs will exceed $64 billion, said the person, who requested anonymity because Chrysler is a private company and no longer has to report its earnings. Nardelli, the former CEO of The HomeDepot Inc., was hired in August by Chrysler’s new private equity owner, Cerberus Capital Management LP.
