Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy
By Kevin Spak,  Newser Staff
Posted Feb 1, 2012 10:21 AM CST
The grill of a 2012 Chrysler 200 is displayed on the showroom floor of Goss Dodge Chrysler on Tuesday, Jan. 31, 2012 in South Burlington, Vt.   (AP Photo/Toby Talbot)
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(Newser) – Call it a comeback if you want, because it looks like Chrysler is finally back on its feet. Detroit's smallest automaker posted a $225 million profit today to complete its first profitable year since its bankruptcy and bailout in 2009, the New York Times reports. The profit came on the back of $15.1 billion in revenues, up a whopping 41% from this time last year.

"The house is in good order," CEO Sergio Marchionne said. But a repeat performance won't be easy, the Wall Street Journal observes, because Chrysler will have fewer new models in 2012, and Toyota will return to full production after a tsunami-related downturn. "All of the competitors are now in a position to compete," Marchionne said. "It is an open game and we are going to keep our heads down and keep pushing." (Read more Chrysler stories.)

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