Chrysler posts an operating profit of $198 million for the fourth quarter

Article by Christian A., on January 31, 2011

As you may know already, a year and a half ago Chrysler emerged from bankruptcy and it appears that under the management the American car manufacturer posted an operating profit of $198 million for the fourth quarter and $763 million for the full year.

Apparently, Chrysler was helped by the new and redesigned models, such as the 2011 Dodge Durango, but also by higher industry sales forecast for the U.S. market.

Chrysler is also expecting to generate net profits of $200 million to $500 million this year on revenues of $55 billion. This is also a big improvement for Chrysler, as last year the company posted a net loss of $652 million on revenues of $41.9 billion. Last year, Chrysler posted a net loss for the fourth quarter of $199 million.

Sergio Marchionne, Chief Executive Officer of Chrysler Group LLC stated, “As Chrysler Group’s brand displays at the Detroit auto show confirmed, the Company has lived up to its promise to launch 16 all-new or significantly refreshed vehicles in the past 12 months.

All of these vehicles bear testimony to Chrysler’s rebirth. Given the positive comments we have received to date, it can safely be said that what Chrysler delivered last year, on both the product and financial fronts, surpassed many expectations."

Topics: chrysler, profit

If you liked the article, share on:

Pin It

Comments

Recommended

Sorry to say this to the Sport Quattro Concept fanatics. If you guys have been hoping for the production of this iconic concept to begin, prepare for your dreams to...
by - March 27, 2017
South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries