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Tag Archives: chrysler 2010 results
Chrysler Group Posts $652 Million Loss in 2010
Chrysler Group LLC today said that it had a total year net loss in 2010 of $652 million, and a net loss of loss of $199 million in Q4 2010, compared to a net loss of $84M in Q3 2010. Debt increased by $0.4 billion in 2010 to $5.8 billion from 2009 as the revision of 16 models increased costs and deceased revenue during their launch. Cash as of 31 December 2010 was $7.3 billion compared to $8.3 billion on 30 September 2010. Continue reading
Chrysler Group 2010 Sales Up 16%. Breaks 1 Million Unit Level
Chrysler Group today reported U.S. sales of 1,085,211 units, an increase of 17% in 2010 when compared with 2009 sales at the Fiat controlled automaker. On average light-vehicle retail sales in the U.S. rose 11% during 2010 to 11.6 million units.
Particularly strong were truck sales at Jeep, plus 26% at 291,000, and Ram truck, up 9% at 213,000. On average U.S. light truck sales were up 18% to more than 5.8 million units during 2010. At almost 75% of sales, Chrysler Group remains at heart a truck company, making it vulnerable to rising fuel prices this year. Continue reading
Posted in auto news, financial results, results, sales
Tagged auto informed, auto news, autoinformed.com, automotive news, chrysler 2010 results, chrysler sales, Ken Zino, results, sales, us sales, zino
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