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GM and Chrysler Post Sharp Third Quarter Earnings Slump
Chrysler reports a 25.7 percent drop to 234.9 million in Q3 profits on 5.26 billion revenues as GM posts a 49 percent quarterly decline. GMOUT: 264 million net income. GMAC records 313.7 million. Incentives and low rates to clear inventory blamed for the declines across the automakers.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
General Motors Corp
Chrysler
Lee Iacocca
Bill Winters
GM Hughes Electronics Corp
Electronic Data Systems Corp
General Motors Acceptance Corp
GMAC
First Boston Corp
United States
Mellon
NEW York
Merck
Mobil
Morgan
AmCan
Owens
Aeipw
Amthem
Athlone
Roliak
BeliSou
Ryder
Saloma
Boeing
Schimb
Burlind
Comadia
Unklec
Ut & Waahl
Ethyl
Exxon
Pierre R. Smith
GenEl
Gadot
GaPac
Alltel
Lear Siegier &7
LCB Bancorp
Kmart
LNG Bancorp Kerrikc
Wu It
Lesco Inc
Mt Ltv
At Me Lilly
Ohio Edison