Chrysler earns first annual profit in more than a decade
By Jerry Hirsch
February 1, 2012, 5:53 a.m.
Chrysler Group earned its first annual profit as an independent company since 1997, a sign that the Detroit automaker is recovering from its bankruptcy reorganization and the conflicting strategies of its recent owners.
Chrysler said it earned $183 million last year, compared with a loss of $652 million in the prior year. Sales rose 31% to $55 billion.
"The house is in good order. We are proud of the work we've done," said Sergio Marchionne, who is chief executive of Chrysler and Fiat, the Italian automaker that owns a controlling interest in the company.
"We are looking at 2012 with some degree of enthusiasm," he said. But he noted that competition in the U.S. marketplace will be tough. Rivals are all producing strong products.
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http://www.latimes.com/business/money/la-fi-mo-chrysler-profit-0120131,0,7414901.story?track=rss
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not at all.
