Chrysler stands to lose $1b in 2007?

Steven Landry, Chrysler veep of North American sales, was speaking to a group of business students at St. Mary's University when he said that Chrysler will be taking in $64 billion in revenue this year and would spend $65 billion. It doesn't take an MBA to figure out that those quoted figures put Chrysler $1 billion in the red for 2007. Andrea MacDonald for The Daily News was at the ceremony and filed the report, but when Automotive News tried to contact Chrysler's PR people, they declined to comment. It's unclear if this was a serious miscommunication or a statement of fact, but considering the state of affairs over at Chrysler, it's of little surprise.
[Source: Automotive News – Sub. Req.]