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

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