Chrysler Reports First Q1 Profit, the First Since Bankruptcy Reorganization

Well, it was bound to happen eventually: Chrysler has turned a profit during the first quarter of 2011 amounting to $116 million, its first since emerging from bankruptcy reorganization in 2009, as US sales of its Dodge and Jeep vehicles increased.

At the same time, company revenues grew 35 percent from $9.7 billion in Q1 2010 to $13.1 billion in Q1 2011. The company's fortunes seem to have take a turn for the better, as it has a $9.9 billion in cash reserves at the end of the first quarter c...

Source: http://www.autoevolution.com/news/chrysler-reports-first-q1-profit-the-first-since-bankruptcy-reorganization-34903.html

puig racing sv650 racing bk racing alloys