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

Article by Christian Andrei, 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:

Comments

Login or Create new account to add a comment!

Recommended

In Japan, Toyota stays in the limelight by always cooking up something new for its famous 86 sports car. A colour orange Toyota 86 performance edition is one that’s hard...
by - December 4, 2016
Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
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