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Tag Archives: q3
Chrysler Group Reports Q3 Net Income of $212 Million
Chrysler results stand in contrast to Ford Motor, which yesterday reported third quarter 2011 net income of $1.6 billion, or 41 cents per share, a decrease of $38 million, or 2 cents per share, versus third quarter 2010 on revenue of $33.1 billion, an increase of $4.1 billion from Q3 2010. Ford Q3 2011 pre-tax operating profit was $1.9 billion, or 46 cents per share, with an operating margin of 4.8%. Chrysler remains the smallest and weakest of the Detroit Three with limited international operations. Still, Chrysler is clearly on the mend. Continue reading
Audi of America Q2 2026 Sales Drop 17%
Audi of America reported today a Q2 sales drop of -17% when compared year-over-year. There was no release with commentary just the sales chart shown here at AutoInformed. This came as the parent company Volkswagen Group (VOW.DE) Executive Board yesterday presented the Supervisory Board with 12 initiatives to make the financially bedridden Group. [Share price is down 66% during the last five years; -25% year-over-year at ~€76 as customers are apparently searching for more affordable wheels or are no longer happy with product Audi product offerings – AutoCrat.] No doubt Audi of America executives were in Wolfsburg fighting for the survival of the brand. Continue reading →