Chrysler Group said second quarter net income was US$436m, a 141% improvement year on year.
Chrysler Group today posted a second-quarter net profit of $436 million on strong sales of cars and light trucks. The company lost $370 million in the second-quarter of 2011, when it booked a $551 million charge to pay off its U.S. government loans.
News
30 Jul, 2012
David Lyon has stepped down from the post of design chief, just days before taking up new role
U.S. safety regulators have opened an investigation into Infiniti's new JX35 crossover on possible improper application of the emergency brake, the regulators said.
After teasing the silhouette of the 2013 Lexus LS 460 on Facebook last week, the company has revealed the entire car.
General Motors said it will not drop sponsorship deals with English soccer clubs Manchester United and Liverpool despite the dismissal of the company's global marketing chief Joel Ewanick.
General Motors said it will not drop sponsorship deals with English soccer clubs Manchester United and Liverpool despite the dismissal of the company's global marketing chief Joel Ewanick.
The 2010 Paris motor show hosted a British invasion of sorts, with significant launches from
Ssangyong Motors has booked a second quarter net loss of KRW20.9bn (US$18.23m).
It's highly unusual for any German manufacturer to launch a new model without issuing page after page of technical specs. BMW has barely mentioned the updated ActiveHybrid 7 in its press information for the revised 7 Series. I suspect I know why.
Kim Rhode is an Olympic champion, which by itself would be impressive enough. But Rhode is not just a one-time Olympic champion. The Summer Games in London will be the fifth Olympics for this 33-year-old trap and skeet specialist.
Brazil finance minister Guido Mantega is due to meet representatives of General Motors and Anfavea, Brazil's automaker association, to discuss possible layoffs that would violate an agreement made in exchange for tax cuts.
The 2012 Jeep Grand Cherokee has passed the and#8220;moose test,and#8221; as performed by Auto, Motor und Sport in Germany.
Hankook Tire will commence supplying tyres to Daimler, Handelsblatt reported without citing any sources.
American Axle & Manufacturing (AAM) said second quarter 2012 sales of US$739.8m were up 7.8% year on year, non-GM sales grew 8.5% to $198.2m and net profit was $4.7m, or $0.06 per share, down sharply on $49.2m and $0.65 in the second quarter of 2011.
Hyundai Motor is recalling over 200,000 units of its Santa Fe sport utility and Sonata car models in the United States due to problems with their airbags, a US state safety agency said.
The mood in businesses across the euro zone fell to a 34-month low in July, near levels last seen after the collapse of U.S. investment bank Lehman Brothers, the European Commission's sentiment index showed, with morale falling across all sectors.