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Tag Archives: chrysler group results
Chrysler Group December 2011 U.S. Sales Up 37%; Year +26%
Nevertheless, the sales gains were not large enough to hold off resurging Toyota Motor Sales, which displaced Chrysler from the Number Three U.S. sales spot when Toyota inventories rebuilt this fall after the Japan earthquake and tsunami tragedy in March that removed Toyota and other Japanese automakers from the market. In October and November Toyota picked up 2 market share percentage points, with December results due later today. Continue reading
Chrysler to Pay off $7.5 Billion in U.S., Canadian Bailout Loans
It is primarily the interest on government loans – $1.23 billion – that prevented Chrysler from earning a profit during 2010 and resulted in an overall loss for the year of $652 million. So decreasing interest rates should improve earnings, a necessary precursor for the public offering of Chrysler stock later this year or early next. Continue reading
Chrysler Posts First Profit Since 2009 Taxpayer Bailout
It is primarily the interest on government loans -$1.23 billion – that prevented Chrysler from earning a profit during 2010 and resulted in an overall loss for the year $652 million. Chrysler has announced that it intends to pay back those loans by June of this year by refinancing them through a combination of bonds and debt in private equity placements. Continue reading
Chrysler Group Reports January U.S. Sales Up 23%
Chrysler Group LLC today reported U.S. sales of 70,118, a 23% increase compared with sales in January 2010 (57,143 units), and ahead of the overall U.S. market growth of 17%.
Chrysler’s heavy reliance on truck and minivan sales – roughly 75% of total – was a factor as overall truck sales in the U.S. increased 29% in January. Continue reading
