Chrysler's quarterly profit fell 65 percent as it absorbed the costs of new-vehicle launches, the company said on Monday.
The No. 3 U.S. automaker also reaffirmed its financial forecasts for 2013, including net income of about $2.2 billion.
"We remain on track to achieve our business targets, even as the first-quarter results were affected by an aggressive product launch schedule," said Sergio Marchionne, chief executive officer of Chrysler as well as of its parent, Fiat SpA.