Chrysler reports its third straight quarterly profit, driven primarily by a 40% increase in U.S. retail sales.Chrysler Group reported its third consecutive quarterly profit and logged its best financial performance in more than a decade.
Chrysler Group reported its third consecutive quarterly profit and logged its best financial performance in more than a decade, a turbulent period of changing owners with varied business strategies for the Detroit automaker.
World Market Pulse submits:Chrysler Group (DCX), the U.S. automaker managed by Fiat SpA, one of the two U.S. automakers rescued by the government last year, reported an $84 million third-quarter loss Monday, but executives and analysts believe that the company is moving in the right direction with a projected a $700 million operating profit for 2010 after stripping out financing costs tied to its government-funded bankruptcy.
A strong financial performance in fourth quarter (4Q) allowed Walt Disney Co. (NYSE:DIS) to maintain its fifth consecutive year of record results due to a robust pipeline of creative content. The company’s performance demonstrates incredible strength of its brands, primarily fueled by the company\'s relentless innovation initiatives. The Walt Disney Company released its 4QFY15 earnings on Friday, and produced mixed results for the quarter.
Magna International Inc. (USA) (MGA) reported earnings for the third quarter of its fiscal year 2014 (3QFY14), before the bell today, announcing better-than expected-profit for, while revenue was in line.
The company is a global supplier and manufacturer of automotive parts and develops designs and manufactures modules, assemblies and automotive systems primarily for makers of light trucks and passenger cars.
US automakers have achieved double-digit sales growth for the month of December, setting a new auto sales record for the year 2015, despite failing to meet expectations.
Overall US car sales surged 9% last month, to 17.34 million vehicles year-over-year (YoY), well below the forecasted 18.1 million.
The US auto industry announced the arrival of spring with auto sales numbers for March picking up pace, a welcome change from disappointing numbers reported this winter. The latest sales data topped analysts’ expectations.
Tesla Motors has accomplished many remarkable things in its short life as a startup maker of electric cars. But, to clear up a common misperception, its supporters should understand that it has not--yet--made a profit in its core business: designing, building, and selling the Model S all-electric luxury sport sedan.
Chrysler Group LLC reported financial results for the second quarter of its 2014 fiscal year today (2QFY14), before markets opened. The company, now a part of Fiat SpA (FIATY), saw its net income surge 22% year-over-year (YoY) to $619 million; revenues rose 14% YoY to $20.5 billion.
The company’s solid performance during the quarter was driven by SUV sales. Chrysler sold 723,000 vehicles worldwide during the quarter, compared to 643,000 in the same period last year.