BusinessJuly 22, 1996
BUSINESS MEMO: CHRYSLER CORP. REPORTS MOST PROFITABLE QUARTER
Chrysler Corp., selling some of its cars and trucks faster than it can produce them, reported the third most profitable quarter in its history. Chrysler said last week it earned $1.04 billion, or $2.77 a share, in the second quarter, a sevenfold increase from the $135 million, or 35 cents a share, it earned a year ago, when the company booked expenses to revamp assembly plants. Sales increased 27 percent to $15.8 billion...
Chrysler Corp., selling some of its cars and trucks faster than it can produce them, reported the third most profitable quarter in its history.
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Chrysler said last week it earned $1.04 billion, or $2.77 a share, in the second quarter, a sevenfold increase from the $135 million, or 35 cents a share, it earned a year ago, when the company booked expenses to revamp assembly plants. Sales increased 27 percent to $15.8 billion.
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