Chrysler Hits Ball Out of the Park


Bloomberg News - July 31, 2012

Chrysler Group LLC reports second-quarter net income of $436 million, and the company plans to extend gains in passenger-car sales with the new Dodge Dart compact.

Total U.S. sales rose 30 percent from a year earlier to 834,068 cars and light trucks during the first half. Learn what else CEO Sergio Marchionne has in mind for Fiat and Chrysler.

Sergio Marchionne plans to merge the two companies and increase sales to more than 100 billion euros by 2014. Fiat will boost its ownership stake of Chrysler to 61.8 percent by exercising an option to buy an additional 3.3 percent from the United Auto Workers’ retiree health-care trust, or VEBA, the company said in a July 3 statement.