Aug 23, 2010
Chrysler posts quarterly loss
Chrysler Group LLC reported a quarterly net loss Monday, underscoring the pressure on the smallest U.S. automaker from a slack economy and an aging product lineup. The automaker, which plans an initial public offering next year, said U.S. sales grew 12% in the first half of the year, lagging the industry’s slower-than-expected growth of nearly 17%. Chief executive Sergio Marchionne said Chrysler had... read more
