Chrysler still bleeds money based on its third quarter earnings release. The numbers stand in contrast to recent profits reported by GM, Ford Motor (NYSE: F), and Toyota (NYSE: TM). The figures show how far the No.3 US car company, which has less than 10% of the American market, has to go.
Chrysler’s net revenue increased to $11.0 billion in Q3 2010, up 5.2% from Q2, Its net Loss was reduced to $84 million from $172 million in Q2 2010.
Worldwide vehicle shipments buy Chrysler in Q3 2010 were only 407,000 units, a decrease of 6% versus Q2 2010. U.S. vehicle shipments totaled 301,000 compared to 305,000 in the prior quarter.
Douglas A. McIntyre
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