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
Aug 2, 2010
Chrysler: Sterling Heights plant stays open
Chrysler’s plan to keep a Sterling Heights assembly plant open and add nearly 900 jobs is more than a shot in the arm to workers who would fill the spots. It’s a sign the company is making a resurgence — something auto industry insiders said could boost confidence and lead to more work for suppliers. For Phil Leonard, plant manager at Punch Tech in Marysville, Chrysler’s... read more
