Chrysler reported a net loss of $197 million in the first quarter

After reducing costs and launching a big pickup, Chrysler Group posted a $143 million operating profit in the first quarter of the year. In a statement, Chrysler revealed that revenue increased to $9.69 billion in the first quarter of 2010, a 2.7% increase from same period in 2009.

Chrysler also posted a net loss of $197 million in the first quarter of 2010, compared with a net loss of $2.69 billion for the same period in 2009. After it emerged from bankruptcy on June 10 up until the end of 2009, Chrysler had lost $3.8 billion on revenue of $17.7 billion. Fiat S.p.A. had gotten a 20% stake in Chrysler after its Chapter 11 reorganization with $15 billion in government support.
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KZ258 - 4/23/2010 9:32:59 AM

+1 Boost

excellent

Joe_Limon - 4/23/2010 12:29:57 PM

+1 Boost

http://img.photobucket.com/albums/v39/joe_limon/87913strip.gif

thstone - 4/23/2010 1:50:49 PM

+2 Boost

Funny how losing $197 million in a quarter can be cause for celebration!

Agent63 - 4/24/2010 4:33:52 AM

+1 Boost

They need that new 300C to boost up some sales. They're already sinking but it will slow the damage.