(GM) Chrysler Reports First Profit in Five Years
Posted on May 03, 2011 at 14:28 PM EDT
Chrysler Group LLC, 25% owned by Italy’s Fiat SpA (FIATY), posted a profit of $116 million in the first quarter of 2011 compared with a net loss of $197 million in the year-ago quarter. Operating profit, excluding taxes, interest and pension-related costs, more than tripled to $477 million from $143 million a year earlier. The [...] (GM) Chrysler Reports First Profit in Five Years