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Chrysler posts $239 million operating profit, raises forecast

Chrysler Group posted an operating profit of $239 million in the third quarter and raised its outlook for the balance of the year in anticipation of stronger sales and improved operating performance. The results, released Monday, marked the automaker's third straight operating profit. Chrysler's third-quarter net loss was $84 million, down from $172 million in the second quarter.

Chrysler in crisis

By Liz Turner, in the US Motor Industry 02 March 2007 04:28 The trouble with Chrysler: the background In 1996 when Chrysler opened its $1.1bn headquarters in Auburn Hills, 30 miles north of Detroit, executives joked that if things didn’t work out, they could always sell it as a shopping mall. Following DaimlerChrysler’s annual press conference on 14 February, local realtors are, no doubt, sneaking in to take measurements. Chrysler Group announced a staggering operating loss of $1.5 billion for 2006, and in the subsequent question time, DaimlerChrysler’s CEO Dieter Zetsche said the company ‘will examine far-reaching strategic options with partners’.

Electric car world speed record – 307mph

The team from OSU celebrate their Electric Car World Speed Record Perhaps we should change our minds. We’ve always made it clear that we believe the only sensible use for an electric car – certainly a BEV (battery electric vehicle) – is as a city car. There it makes sense with its zero emissions at the point of use, and the limited range available – from anything remotely resembling a sensible-sized battery pack – is not a problem.