Official: Chrysler posts $183M profit for 2011
Good news has been in abundant supply for the domestic automakers the last twelve months, and nowhere is that more evident than in the headline to this press release: “ Group Reports Full Year 2011 Net Income of $183 Million.” Now, $183 million isn’t exactly a king’s ransom in the auto industry (or elsewhere – Apple made $25.92 billion last year). But if Chrysler is making money again for the first time since emerging from bankruptcy, well, perhaps the U.S. auto industry has finally recovered from 2009.
The smallest of the Big Three automakers reported sales of 1,369,114 vehicles in 2011, up 26 percent from 2010. Chrysler , and finished fourth in U.S. sales, behind General Motors, and . To read the full press release, click .
for 2011
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