Chrysler expected to announce 2Q operating profit

[Bozita]

Source: Detroit News

Last Updated: August 08. 2010 1:00AM
Chrysler expected to announce 2Q operating profit
Alisa Priddle / The Detroit News


Chrysler Group LLC is expected to announce continued operating profit when it reports its second-quarter earnings Monday.

The Auburn Hills automaker lost $197 million in the first quarter, but surprised the industry with an operating profit of $143 million.

Sergio Marchionne, chief executive of Chrysler as well as partner Fiat SpA, has said there will be more good news from the second quarter results.

General Motors Co. also will report second-quarter earnings this week. CEO Edward Whitacre Jr. said the company will report an "impressive" profit.

Read more: http://www.detnews.com/article/20100808/AUTO01/8080302/Chrysler-expected-to-announce-2Q-operating-profit#ixzz0vzKE05jJ

[msongs]

1. they have not "made a profit" unless they have paid back all the loans from our paychecks nt

[divideandconquer]

2. All the foreign car companies are heavily government subsidized why not ours?

All the foreign car companies are heavily government subsidize by their governments or from the states from the old confederacy trying to destroy that evil pro civil rights UAW.

Chrysler would have never got into trouble if the government wouldn't have let the disasterous Mercedes "merger of equals" go through. Mercedes used Chrysler's 13 billion dollar rainy day fund to buy stock in Hyundai and Kia in an attempt to take over the Korean carmakers. The Korean government wouldn't allow foreign carmakers to take over and bailed them out instead. Now they are thriving.