Chrysler Generates 2011 Net Income of $183 Million
Considering that a year ago, Chrysler reported a net loss of $652 million and that 2011’s income exceeded estimates, the report represents rather good news.
US automakers
Ford US Sales Reach 2 Million Units
Light trucks have also been doing well, with the breadwinning F-150, along with the outgoing Escape and Explorer looking to post strong gains (current estimates predict around a 30 percent increase by the time all’s said and done), according to a official statement released by the company.
US Auto Sales Rise As Import Price Gap Increases Thanks To Rising Yen
As the Yen continues its march against the dollar, Japanese manufacturers are less likely to offer incentives to move metal off dealer lots; in fact average industry wide spending on incentives fell some 9.6 percent through September, down to $2,498 per vehicle.
Detroit Automakers Close in On Pre-Recession Employment Numbers
GM plans to ramp up Volt production in the next few years, from the current 10,000 cars per annum to 25,000 – CEO Dan Akerson says he’d ultimately like to see more than 100,000 Volts roll off the assembly line, though recognizes that any increases also hinge on battery production.
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