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Thu Apr 26, 2012, 08:28 AM

Chrysler reports best quarterly net earnings in 13 years as bankruptcy memory fades

Source: Washington Post

DETROIT ó Chrysler followed its strong first-quarter sales with a big profit, sending its 2009 brush with financial death farther into the rearview mirror.

The Auburn Hills, Mich., company made a net profit of $473 million, its best quarter in 13 years, mainly on the back of strong U.S. sales. From January through March, Chryslerís sales were up 39 percent as customers bought more Ram pickups, Jeep Grand Cherokee SUVs and Chrysler 200 midsize sedans.

Not bad for a company that almost died three years ago. A government auto task force deadlocked on whether to save the company in 2009, with the tie broken by President Barack Obama.

Chryslerís first-quarter profit was more than four times the $116 million that the company made in the first quarter of last year. It was Chryslerís best performance since the third quarter of 1998 when it made $682 million during the pickup truck and SUV boom.


Read more: http://www.washingtonpost.com/business/chrysler-reports-best-quarterly-net-earnings-in-13-years-as-bankruptcy-memory-fades/2012/04/26/gIQAN7xNiT_story.html



Better profit than experienced during the entire presidency of the biggest disaster in American history.

Which party is better for the economy again?

9 replies, 1725 views

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Arrow 9 replies Author Time Post
Reply Chrysler reports best quarterly net earnings in 13 years as bankruptcy memory fades (Original post)
shawn703 Apr 2012 OP
JNelson6563 Apr 2012 #1
WilmywoodNCparalegal Apr 2012 #2
safeinOhio Apr 2012 #3
jpak Apr 2012 #4
WI_DEM Apr 2012 #5
xtraxritical Apr 2012 #6
madrchsod Apr 2012 #7
KinMd Apr 2012 #8
DCBob Apr 2012 #9

Response to shawn703 (Original post)

Thu Apr 26, 2012, 08:33 AM

1. Awesome.

Go Chrysler! Go Detroit!

Julie

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Response to shawn703 (Original post)

Thu Apr 26, 2012, 08:37 AM

2. Forza Chrysler



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Response to shawn703 (Original post)

Thu Apr 26, 2012, 08:40 AM

3. Teaming up

business, labor and government. An idea imported from Detroit.

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Response to shawn703 (Original post)

Thu Apr 26, 2012, 08:41 AM

4. I blame Obama

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Response to shawn703 (Original post)

Thu Apr 26, 2012, 09:20 AM

5. Romney to Chrysler: Drop Dead

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Response to shawn703 (Original post)

Thu Apr 26, 2012, 10:08 AM

6. VOTE A STRAIGHT DEMOCRATIC BALLOT and get the neanderthals out of congress.

 

Go Barack

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Response to shawn703 (Original post)

Thu Apr 26, 2012, 12:47 PM

7. chrysler`s saved fiat`s ass

fiat was using chrysler`s profits to shore up fiat`s bottom line.

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Response to shawn703 (Original post)

Thu Apr 26, 2012, 06:15 PM

8. How will Willard spin this

....saving thousands of jobs, in PRIVATE industry ...why it's unamerican!

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Response to KinMd (Reply #8)

Thu Apr 26, 2012, 07:07 PM

9. Willard will say we should have let Detroit die.

survival of the fittest... thats the Republican way.

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