Chrysler reported a small profit for the first quarter, reflecting lower shipments of vehicles to Europe and a slow down in production for the U.S. connected with new model launches. The company's overall outlook, though, remains positive as it moves toward a likely initial public offering.
Chrysler Group had nothing but good news to share this morning as it has reported its financial results for the first quarter of 2012. The headline-hogging number is that the automaker's first quarter profit quadrupled from $116 million a year ago to $473 million this year. All that was on the back of U.S. sales that increased 39 percent year-over-year. The rise in sales also resulted in Chrysler Group increasing its market share in the U.S. from 9
Good things come in small packages. Or smaller packages, anyway, as Audi has been discovering with its SUV range. What started with the mammoth Q7 has since grown – or shrank – to include the smaller Q5 and the even smaller Q3, which was just confirmed for the North American market. Keen to capitalize o
Ford Motor announced its first quarter financial results Friday, the first performance results of the "Way Forward" era, and it isn't pretty. The company recorded a net loss of $1.19 billion, compared to last year's profit of $1.21 billion.