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.

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