If you enjoy the content at iBankCoin, please follow us on TwitterDETROIT (AP) — Chrysler has turned its first profit since leaving bankruptcy two years ago.
The company reported first-quarter net income of $116 million and revenue of $13.1 billion on Monday. The profit is a milestone in Chrysler’s long road back to health after its 2009 bankruptcy. It last reported a profit in 2007.
Several trends put Chrysler Group LLC back in the black. Its sales rose 18 percent worldwide in the first three months of the year as the economy improved and buyers responded to a fresh lineup of new cars and trucks.
“Chrysler Group’s improved sales and financial performance in the first quarter show that our rejuvenated product lineup is gaining momentum in the marketplace and resonating with customers,” Chrysler CEO Sergio Marchionne said in a statement.
Joined Nov 11, 2007
31,929 Blog Posts
Their transmissions sound like my grandma’s farts when going from “R” to “D” and vice-versa. I have no experience with their manual transmissions.