Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Chrysler Group Feb. U.S. Sales Climb 40% - Quick Facts

Chrysler Group LLC, majority owned by Italy-based Fiat SpA (FIATY.PK), on Thursday posted a 40 percent improvement in its February 2012 U.S. sales to 133,521 units from 95,102 units in February 2011.

In February, every Chrysler Group model in production for over 12 months posted a year-over-year sales gain and the Chrysler brand led the way with a solid 114 percent growth. The company said the FIAT brand finished its first year of sales with its best month ever, with Fiat 500 sales growing by 69 percent in February compared with the prior month.

Total car sales for the same month jumped 126% to 40,024 units from previous year's 17,745 units, and total truck sales went up 21% to 93,497 units from 77,357 units in the comparable period.

Click here to receive FREE breaking news email alerts for Fiat SpA and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Swiss National Bank on Thursday reaffirmed its currency ceiling and interest rate unchanged, as expected by economists, and expressed willingness to do more to defend the franc. The central bank maintained the minimum exchange rate of CHF 1.20 per euro and left the target range for the three-month Libor unchanged at 0.0-0.25 percent. The South Korean government said Thursday it will increase the budget spending next year and run a wider fiscal deficit than expected to bolster economic growth that faces challenges from slow global recovery and weak domestic demand. Government spending will rise by 5.7 percent to KRW 376 trillion the next year, the finance ministry said in its budget proposals. Stocks saw some volatility following the release of the Federal Reserve's monetary policy announcement on Wednesday but managed to end the day modestly higher. With the upward move, the Dow reached a new record closing high.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.