Chrysler could up 2010 outlook, launch IPO 'quickly'
Chrysler could raise its financial targets for 2010 in the second half of the year and aims for a public offering of its stock "as quickly as possible," Chief Executive Sergio Marchionne said on Monday.
Quote from the article:
Source: Chrysler could up 2010 outlook, launch IPO 'quickly'
Quote from the article:
Chrysler, which surprised analysts with a first-quarter operating profit last month, is well ahead of its cash flow and earnings targets and there is a strengthening basis for the company launching a stock sale "in a much shorter timeframe than most would expect", Marchionne said. "It is clear that if we continue to perform at this rate we're going to be in excess of the guidance that was provided in 2009," Marchionne said in a conference call to review Chrysler's first-quarter financial results. "We are not going to revise those numbers until the end of the third quarter. We want to see how well the second quarter performs, we want to see how well the Grand Cherokee performs in the marketplace," he said. The Grand Cherokee, a crossover for Chrysler's Jeep brand, will launch in June and stands as the only all-new model that the automaker developed on its own and will have on the market during 2010. |
Source: Chrysler could up 2010 outlook, launch IPO 'quickly'
Related Stories
05/04/2010 01:14 PM: Chrysler Group LLC Announces May 2010 U.S. Incentives by TimothyTChrysler Group LLC today announced 0 percent financing on most 2010 model year Chrysler, Dodge, Jeep and Ram truck vehicles when financed through GMAC Financial Services. ...
05/03/2010 12:18 PM: Chrysler Group LLC Reports April 2010 U.S. Sales Increase of 25 Percent by TimothyT
Chrysler Group LLC today reported a U.S. sales increase of 25 percent, the best year-over-year percentage sales improvement for the company in almost five years. In addition, the company continued its...
04/23/2010 06:46 AM: Chrysler: We're on break-even pace by Whiplash
Chrysler reported a net loss of $197 million for the first-quarter of 2010, and says it is on track to break even or earn a modest profit for the full year. In its first financial disclosure since ex...
04/21/2010 02:42 PM: New Alfa Spyder on Chrysler (RWD?) Platform in '13 by TimothyT
Sergio Marchionne dashed through a five-year plan for Fiat Auto that includes a new Alfa Romeo Spider to be built on a Chrysler platform beginning in 2013, the year by which the much-awaited Italian ...
04/21/2010 08:21 AM: Chrysler posts 1Q operating profit since 2009 bankruptcy by TimothyT
Chrysler Group LLC today announced its Financial Results for the period ended March 31, 2010. Sergio Marchionne, Chief Executive Officer of Chrysler Group LLC stated, “This positive operating result...
