Finance Latest News: Chrysler's U.S. Sales in June Rise 8%

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Finance Latest News: Chrysler's U.S. Sales in June Rise 8%

Finance Latest News: Chrysler's U.S. Sales in June Rise 8%
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Finance Latest News: Chrysler's U.S. Sales in June Rise 8%

by Wochit 1:09 mins

Finance Latest News: Chrysler's U.S. Sales in June Rise 8%

by Wochit 1:09 mins

Chrysler's U.S. sales in June rose 8 percent on strong demand for its two best-selling vehicles, the Ram full-size pickup truck and Jeep Cherokee SUV. Chrysler Group LLC, majority-owned by Italy's Fiat, reported U.S. sales last month of 156,686 vehicles, in line with analysts' expectations and the company's best June results since 2007. Japan's Mitsubishi UFJ Financial Group has agreed to buy a controlling stake in Thailand's Bank of Ayudhya Pcl for up to $5.61 billion, as Japanese lenders expand into fast-growing Southeast Asian economies to beat slower growth at home. Home prices racked up their biggest annual gain in more than seven years in May, with more increases expected through the summer months as the sector continues to mend. Prices rose 2.6 percent from April and were up 12.2 percent compared to May last year, the biggest year-over-year increase since February 2006.

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