Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy
By Kevin Spak,  Newser Staff
Posted Feb 1, 2012 10:21 AM CST
Chrysler Roars to $225M Profit
The grill of a 2012 Chrysler 200 is displayed on the showroom floor of Goss Dodge Chrysler on Tuesday, Jan. 31, 2012 in South Burlington, Vt.   (AP Photo/Toby Talbot)

Call it a comeback if you want, because it looks like Chrysler is finally back on its feet. Detroit's smallest automaker posted a $225 million profit today to complete its first profitable year since its bankruptcy and bailout in 2009, the New York Times reports. The profit came on the back of $15.1 billion in revenues, up a whopping 41% from this time last year.

"The house is in good order," CEO Sergio Marchionne said. But a repeat performance won't be easy, the Wall Street Journal observes, because Chrysler will have fewer new models in 2012, and Toyota will return to full production after a tsunami-related downturn. "All of the competitors are now in a position to compete," Marchionne said. "It is an open game and we are going to keep our heads down and keep pushing." (More Chrysler stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X