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Chrysler posts $212 million quarterly profit
Thu, 27 Oct 2011Chrysler Group on Thursday reported third quarter net income of $212 million, up from a net loss of $84 million a year earlier. Revenue rose 19 percent to $13.1 billion. The company ended the quarter with $9.5 billion in cash, down from $10.2 billion at the end of the second quarter.
2015 Volkswagen Passat: OFFICIAL
Fri, 04 Jul 2014The new 2015 Volkswagen Passat revealed VW previewed the 2015 Passat back in May with a set of design sketches and the promise of a sleeker design, less weight and better economy with more room for passengers – and now it’s here. The 2015 Volkswagen Passat is the eighth generation of a car that VW always hoped would wipe the floor with the Ford Mondeo and steal sales from the BMW 3 Series and Mercedes C-Class, but which has never quite hit the sort of home run the VW Golf has. But VW has tried hard with the 2015 Passat and delivered a car that looks Audi-slick and more upmarket, so perhaps the eight generation Passat will be the Passat to finally dominate the segment?
Magazine names Ford's Alan Mulally top CEO
Tue, 28 Jun 2011Ford Motor Co. CEO Alan Mulally has been named CEO of the Year by Chief Executive magazine. What set Mulally apart, according to the selection committee, was not only leading the turnaround of an American icon without the government bailout funds given to its competitors, but also a mix of other behaviors and accomplishments.