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Chrysler Group LLC will offer consumers a 60-day, money-back guarantee on new vehicles and also make the first two months of payments for buyers, as it tries to shore up sales amid lackluster consumer confidence.
Chrysler Group LLC lost a staggering $3.8 billion from the time it left bankruptcy protection June 10 through the end of last year, but the automaker says its fortunes have improved.
Chrysler Group LLC Chief Executive Sergio Marchionne reiterated that the auto maker "intends to break even" on an operating basis this year and will hit its target of selling 1.1 million new vehicles in the U.S.
Chrysler Group LLC will recall 24,177 vehicles due to a potential defect in a brake system that could result in sudden brake failure, the automaker said in a filing with the National Highway Traffic Safety Administration.
Chrysler broke even in September and finished the month with more cash than it had at the end of June, the company's chief executive said on Wednesday.