German luxury car maker Audi and Chrysler of the United States have committed "monopoly behaviour" in China and will be punished soon, the country's regulator said on Wednesday, as a probe of foreign auto firms grows.
Showing posts with label Chrysler. Show all posts
Showing posts with label Chrysler. Show all posts
February 12, 2014
Car industry: what Australia could learn from state support around the world
Car manufacturing is a proud pillar of the western world's industrial history, but the hollowing out of Detroit as a city and an economic force is just the most shocking example of a decline that has afflicted automotive superpowers such as the US, the UK, France and now Australia, where Toyota will close all of its factories by 2017.
January 04, 2014
Ford, Chrysler close 2013 with more gains in US sales
CHICAGO: Ford and Chrysler closed out 2013 by extending strong sales gains Friday as the booming US auto industry was expected to rack up its best performance in years.
November 08, 2010
Chrysler ups profit forecast as market share recovers
US carmaker Chrysler has raised its annual profit forecast to $700m (£435m), after third-quarter results showed market share recovering.
The US carmaker previously expected to make only $200m in the current year.
Chrysler made a loss of $84m during the past three months, down by half from a $172m loss in the previous quarter.
Total revenues rose 5% to $11bn, helped by a 40% jump in sales for its new Jeep Grand Cherokee, pushing its US market share up to 9.6%.
At the time of its bankruptcy its market shares had been 7%.
"We are committed to ensuring that every new vehicle this company launches has the same high quality and technological advances as the Jeep Grand Cherokee," said the company's chief executive, Sergio Marchionne, commenting on the financial results.
Management of Chrysler was taken over by Fiat of Italy last year after the US company entered government-sponsored bankruptcy.
Fiat is helping the US company to bring a range of new cars to the US market over the coming months.
"Our 2010 accomplishments are just the beginning of building Chrysler Group into a vibrant and competitive automaker," added Mr Marchionne.
Source:BBC
www.bbc.com
The US carmaker previously expected to make only $200m in the current year.
Chrysler made a loss of $84m during the past three months, down by half from a $172m loss in the previous quarter.
Total revenues rose 5% to $11bn, helped by a 40% jump in sales for its new Jeep Grand Cherokee, pushing its US market share up to 9.6%.
At the time of its bankruptcy its market shares had been 7%.
"We are committed to ensuring that every new vehicle this company launches has the same high quality and technological advances as the Jeep Grand Cherokee," said the company's chief executive, Sergio Marchionne, commenting on the financial results.
Management of Chrysler was taken over by Fiat of Italy last year after the US company entered government-sponsored bankruptcy.
Fiat is helping the US company to bring a range of new cars to the US market over the coming months.
"Our 2010 accomplishments are just the beginning of building Chrysler Group into a vibrant and competitive automaker," added Mr Marchionne.
Source:BBC
www.bbc.com
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