Chrysler Turns First Quarterly Profit Since 2009 Bankruptcy

[IL]

Now controlled by Italian automaker Fiat, Chrysler reported net income of $116 million in the first quarter, compared with a loss of $197 million the previous year. It was the company's first quarterly profit since emerging from bankruptcy in June 2009.

Now controlled by Italian automaker Fiat, Chrysler reported net income of $116 million in the first quarter, compared with a loss of $197 million the previous year. It was the company's first quarterly profit since emerging from bankruptcy in June 2009. Chrysler boosted its cash reserves to $9.9 billion on March 31, up from $2.5 billion on December 31, 2010.


Source: Insideline.