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Daimler Chrysler launches profit warning
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Daimler Chrysler launches profit warning - Trends
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Back from the Brink, Chrysler Looks to Jeep to Drive it Toward ...
today, it’s been a long time since Chrysler could stand on its own four wheels. It will be a few more years — at least — before it can do so again. “While we still have a long way to go to rebuild our business, it is important to note that we are on track to achieve our 2010 targets,” said Chrysler CEO and Fiat boss Sergio Marchionne , in an e-mail to employees. Chrysler today said it had an operating profit of $143 million and a net loss of $197 million in the first quarter, versus an operating loss of $553 million and a net loss of about $2.7 billion in the fourth quarter of 2009. The company ...
is an autonomous vehicle that can drive itself from one point to another without assistance from a driver; in other words, with an autopilot system. Some believe that autonomous vehicles have the potential to transform the transportation industry while virtually eliminating accidents, and cleaning up the environment. According to urban designer and futurist Michael E. Arth , driverless electric vehicles—in conjunction with the increased use of virtual reality for work, travel, and pleasure—could reduce the world's 800,000,000 vehicles to a fraction of that number within a few decades. Arth claims that this would be possible ...
General Motors, under pressure to be profitable and start selling stock again, is benefiting from relatively cheap gasoline. But in November, the Detroit automaker launches the electric CHEVROLET Volt; of which ultimate success could easily hinge on high gas prices. "That's perverse," Joseph Phillippi, a longtime industry consultant, said of the small car situation. "I say perverse in the sense that we want gasoline prices to go up so we can be successful selling a car that we make maybe 25% of the variable gross profit that you make on the Tahoe". Such a concern has long stalked the ... Read More
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