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Jan 30, 2013


* Michigan - Chrysler reports $1.7 billion net profit for 2012

(Image by Charles V. Tines / The Detroit News: Chrysler Group LLC reported a net profit of almost $1.7 billion for 2012 on Wednesday)
Auburns Hills,MICH,USA -The Detroit News, by Bryce G. Hoffman -January 30, 2013: -- Chrysler Group LLC reported a net profit of almost $1.7 billion for 2012 Wednesday and fourth-quarter earnings of $378 million... That was an eightfold improvement over the $183 million the company earned in 2011 and offered further proof of the automaker's turnaround... It was even better than the $734 million the company would have made in 2011 if it had not paid back its loans from the U.S. and Canadian governments early, and it exceeded the company's previous projections... CEO Sergio Marchionne saidboth salaried and hourly employees will receive bonuses as a result, though he did not say how much...

* Michigan - Future 200 to redefine Chrysler design; Challenger up for changes

(Photo: New 200 will reflect input from top Chrysler management, designer says)
Detroit,MICH,USA -WardsAuto -Jan. 18, 2013: -- Chrysler’s chief designer says the redesigned 200 midsize sedan will be unlike anything the brand has produced... When the ’14 Chrysler 200 launches, it will signal a new design direction for the brand, the auto maker’s chief designer says...

* Michigan - Ford workers' $8,300 profit-sharing checks 'good news for Michigan economy'
Dearborn,MICH,USA -The Detroit News, by Karl Henkel and Michael Martinez -30 January 2013: -- Ford Motor Co.'s record North American profit in 2012 will have a positive ripple effect on auto-dependent communities across the country — especially in southeast Michigan... About 45,800 hourly United Auto Workers members who worked at Ford U.S. plants last year will receive on average record profit-sharing checks of $8,300 in March... General Motors Co. and Chrysler Group LLC are expected to follow Ford's lead and announce profit-sharing payments alongside their year-end financial results. Chrysler will announce its 2012 earnings today; GM's come Feb. 14... Here in southeast Michigan, about $174 million will go into the pockets of more than 21,000 hourly Ford workers, who will decide whether to save, spend or invest that money...



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