Tag Links: fiat, chrysler

SHARE THIS ARTICLE

Sales of sport utility vehicles and pickups drove Chrysler Group LLC profits in the first quarter, but that wasn’t enough to overcome $1.

2 billion in unfavorable charges.

The Auburn Hills automaker lost $690 million in the first quarter of 2014 even as revenue rose 23 percent to $19 billion and sales rose 10 percent to 621,000.

Excluding special items, net income was $486 million.

Last year, first-quarter income had fallen to $166 million on lower revenue resulting from slow new-vehicle launches.



Read Article


Chrysler Loses $690 Million In First Quarter

About the Author

Agent009

User Comments

skytop

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]