Chrysler 3rd-quarter Earnings Looking Good
Strong demand for the new Dodge Dart helped drive up Chrysler sales and earn?ings in the last quarter.
Check out third quar?ter sales with CEO Ser?gio Mar?chionne.
Buoyed by the largest sales increase among all domes?tic mak?ers, Chrysler saw its earn?ings surge by 80% dur?ing the third quar?ter, while rev?enues gained 18%.
The U.S. maker ? which is part?nered with Italy?s Fiat SpA ? has scored the biggest sales gains of any of the Detroit Big Three this year, the increase in demand lag?ging only key Japan?ese mak?ers Toy?ota and Honda which have been recov?er?ing from last year?s seri?ous inven?tory short?ages caused by Japan?s March 2011 earth?quake and tsunami.
?We?ve changed the con?ver?sa?tion at Chrysler Group,? said Ser?gio Mar?chionne, who serves as CEO of both Chrysler and Fiat, the Ital?ian maker now hold?ing a major?ity stake in its U.S.?ally.
Chrysler?s July ? Sep?tem?ber earn?ings shot to $381 mil?lion from $212 mil?lion a year ago.? Sales and other rev?enues rose to $15.5 bil?lion from a year?ago.
Source: http://automotivedigest.com/2012/10/chrysler-3rd-quarter-earnings-looking-good/
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