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Chrysler to post profits?

by David Zatz on

Chrysler posted its second quarterly operating profit in a row, according to an anonymous source quoting CEO Sergio Merchionne in an Automotive News article. The company may still have a net loss, but sales are expected to increase as new products hit the streets, led by the critically acclaimed 2011 Jeep Grand Cherokee.

Operating profits do not include interest payments and some other costs. Chrysler could declare operating profits with a net loss.

Fiat, which owns a stake in Chrysler and is sharing technology and European sales support, also reported a profit, thanks in part due to higher truck and agricultural equipment sales. Fiat expects billion-euro operating profits for the year.

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304

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