July 30, 2013 3:07 PM
Chrysler Group LLC reported a 16% increase in its net income during the second quarter of 2013. The net income of $507 million compares with $436 million in the same quarter last year. This marks Chrysler Group’s eighth consecutive quarter of positive net income.
“We’re relatively satisfied with the performance of Chrysler in the second quarter,” CEO of Chrysler and Fiat Sergio Marchionne said. “Our indications are that today we will be able to continue the trend that we have started some 40 months ago in terms of year-over-year improvement.”
Net revenue in the second quarter of 2013 is...
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Restating Jeep® Production Position
February 4, 2013 11:23 AM
There is absolutely no truth to comments alleging Chrysler Group is either moving production of Jeep® Brand vehicles to China at the expense of American jobs, or is producing Jeep vehicles in that country for sale in North America.
Chrysler Group LLC Chairman and CEO Sergio Marchionne was crystal clear in an email sent to employees on October 30, 2012. In that email he stated, “I feel obliged to unambiguously restate our position: Jeep production will not be moved from the United States to China.”
In fact, Chrysler Group is investing more than $1.7...
'The Enterprise We Are Crafting is Not Yet Complete'
January 30, 2013 12:55 PM
CEO Sergio Marchionne has continually set a humble, nose-to-the-grindstone tone for the entire company since the Chrysler-FIAT venture began a few years ago.
Neither he nor the company have wavered from that tone, despite the recent bottom-line success the company has had, including the latest announcement of our 2012 financials.
"It's been an exceptional year," Marchionne said during a webcast this morning about our 2012 preliminary financial results. "We're looking at 2013 with the same level of confidence."
You can see PRNewswire for Chrysler Group 2012 preliminary financial results, but the bottom-line detail is that we had...
Chrysler Group Adds More Jobs, Investments in Michigan
November 15, 2012 11:40 AM
Almost $4.75 billion invested
Added nearly 6,000 U.S. hourly jobs
That's right, in the 3½ years since Chrysler Group LLC was formed, we've invested nearly $4.75 billion in facilities and added nearly 6,000 hourly jobs in the U.S. That investment includes the announcement we made today at our Mack I Engine Plant in Detroit.
Chrysler Group CEO Sergio Marchionne was joined by Detroit Mayor Dave Bing, UAW VP General Holiefield and Mack Engine Complex Manager Bob Hollingsworth to provide details on:
Future's So Bright, We Gotta Wear ...
September 13, 2012 11:23 AM
If you haven't heard yet, Chrysler Group had a private, confidential dealer announcement show this week where we let our business partners in on our plans for the next couple years or so. (Or, at least we tried to have a private, confidential show.)
As you can see below, we talked with a handful of dealers, and, collectively, we're excited about the prospects of the recent, positive, successful momentum not letting up.
The 6,000 attendees from 2,600 dealerships and suppliers saw 66 new cars, special editions and new models that we plan to roll...