The Chrysler Group posted on Monday its first quarterly profit since going through bankruptcy reorganization in 2009, as the company sold more cars at higher prices. Chrysler has reported its first quarterly profit since it emerged from bankruptcy protection 2 years ago. The US carmaker made a net profit of $116m (£69m) in the [...]
DETROIT — Chrysler Group LLC lost a staggering $3.8 billion from the time it left bankruptcy protection June 10 through the end of last year, but the automaker says its fortunes improved dramatically in the first quarter. The struggling company, now run by Italy’s Fiat Group SpA, cut its net loss to $197 million from [...]
Chrysler’s car dealership network is on the verge of collapse, a U.S. bankruptcy court heard on Monday, as hundreds of dealerships have closed their doors this year and uncertainty about the company’s future is driving consumers away. “A lot of these guys right now are just trying to survive,” James Arrigo, the co-chairman of Chrysler’s [...]
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