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Chrysler first-quarter profits down
Mon, 29 Apr 2013Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.
VW may add small car or SUV to U.S. plant
Mon, 09 Aug 2010Volkswagen may build a small car or an SUV at its new U.S. plant in Tennessee, in addition to the mid-sized sedan that goes into production there next year. VW is considering options for the plant's second product even before it has begun building its first, Tom Loafman, the company's purchasing director, said here last week at the CAR Management Briefing Seminars.
Mercury stores get quick way out: Dealers sell new cars as used
Mon, 15 Nov 2010Expect strong Mercury sales numbers for November. Last week, some Mercury dealers pushed to move out their inventory--or at least take final incentive payment from the company and report the vehicles as sold--by Friday, Nov. 12.