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.