Chrysler Jeep New Aid For The Narrow Loss, The Potential

Chrysler Jeep New Aid For The Narrow Loss, The Potential

Chrysler cut its losses in half between the second and third quarters as the new version of the Jeep Grand Cherokee notched strong sales. The carmaker raised full-year earnings forecasts, increased his confidence the arrival of nearly a dozen new or rebuilt vehicles in the coming months.

Chrysler lost $ 84 million in July-September compared with a loss of $ 172 million in the previous quarter. Chrysler rose 5.2 percent to $ 11 billion. The company compared the results of the second quarter of last year, because this was the first time since 2006, announced third quarter earnings.

Cherokee debuted in June, his strong opinions, and buyers responded to an updated decor and progress, as the hydraulic system that raises the car if the driver wants to go astray. Sales increased by 41 percent in October, compared with sales of SUVs and crossovers in the industry grew 18 percent, according to Autodata Corp. Ram truck sales also were strong.

"We are committed to ensuring that every new car launches, the company has the same quality and technological developments, the Jeep Grand Cherokee, Chrysler Chairman and CEO Sergio Marchionne said in a statement. "Our 2010 successes are only the beginning of construction of the Chrysler car model will be efficient and competitive.

" Chrysler's sales have declined in the second quarter, but is typical for this time of year. More importantly, the company said it had received a share of the U.S. market for the fifth consecutive quarter. Chrysler now owns 9.6 percent of the U.S. market. This figure is seven parts per hundred held last summer, when it came out of bankruptcy, but dropped almost 13 percent three years ago.

Auburn Hills, Michigan, Chrysler, which took over the Italian carmaker Fiat SpA, as it has left bankruptcy protection last year, said it expects to realize pre-tax profit to 700 million dollars this year, when the previous forecast $ 200 million. It also expects to end the year with $500 million in positive cash flow, up from an initial prediction that it would run through $1 billion in cash.

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