Jul 25, 2011
Ford profit dips for quarter, and Chrysler records a loss
Ford’s ambitious plans to grow in Asia took a toll on its second-quarter profit, with higher costs to design and sell new cars offsetting rising sales. Meanwhile, Chrysler retreated to a loss for the second quarter, but only because the expense of shedding its government debt erased what would have been a modest profit. Chrysler, just two years out of bankruptcy protection, maintained that there were... read more
Jul 28, 2010
Chrysler Group has scaled back its ambitious plan, put EV on hold.
Chrysler Group has scaled back its ambitious plans for hybrids and electric vehicles and instead is placing its green bets on internal combustion engines that use Fiat technology. As Chrysler slid toward bankruptcy in September 2008, it rolled out several hybrid and all-electric vehicles to bolster its green credentials in the eyes of the federal government. Then-CEO Bob Nardelli put hybrids and electrics... read more
