Chrysler post $239 million in Q3 profits

Danny Tse

Personally, I don't like much of Chrysler's current offerings. However, I am delighted to see the company turn a difficult corner and is doing well. Having a healthy auto industry is good for our country and having a competitive company making good cars will keep every other auto manufacturers doing their best.

polrbehr

Funny, I remember when Iacocca and Co. needed that $1 billion loan from Uncle to save the company... now they can [almost] make that in one year!

Times sure are different.

Good on them, though.

mole'

this is great news!!!

TECHNOKID

Danny Tse wrote: »

Personally, I don't like much of Chrysler's current offerings. However, I am delighted to see the company turn a difficult corner and is doing well. Having a healthy auto industry is good for our country and having a competitive company making good cars will keep every other auto manufacturers doing their best.

Chrysler posted $453 million in net losses on revenues of $31 billion during the first three quarters of the year. Most of the net loss was a result of interest expenses -- $899 million through September -- largely on the company's U.S. rescue loans. After exiting bankruptcy on June 10, 2009, under the control of Italy's Fiat S.p.A., Chrysler lost $3.8 billion for the remainder of the year.


Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101108/OEM/101109849/1250#ixzz14jhSFq6u

here are a few questions;

* Has Chrysler returned any of the North American (US and Canada) bail out money yet? :rolleyes:

* Has Chrysler provided any jobs gain in North America yet? :frown:

* Now that Chrysler is now under the control of Fiat, how much of that money is coming back to North America (especially the US)?

Cheers!
TK