Sunday, February 17, 2013

Chrysler profits surge 80% | Synopsis

Chrysler profits surge 80%

57 Ford Fairlane 500 & 57 Chevrolet 150
57 Ford Fairlane 500 & 57 Chevrolet 150 by DVS1mn
License (according to Flickr): Attribution License
Excerpt:

The automaker stated third-quarter profits Monday that climbed 80 % against a year ago, buoyed by sturdy sales in U.S.

Chrysler's third-quarter net income struck $ 381 million, up from $ 212 million last year, though down against the initial 2 quarters of this year. Incomes was available in at $ 15. 6 billion, up 18 % versus last year. Despite being majority-owned by Italian automaker Fiat, Chrysler is less exposed to Europe that competitors Ford and General Motors, both of which had their second-quarter results weighed down by the continent's ongoing dilemma. Last week, Ford (F, Fortune 500) announced plans to close 2 plants in England, continuing a string of recent cuts in Europe. However the American auto market has been a different story. USA auto sales last month struck their greatest level in more than four years.

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