2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-25 09:36
Chrysler closed a quarter on a positive note again after almost two years. It is the first win since the start of the new era, in whose train Fiat got on the smallest of the big three US automakers.
The US automaker Chrysler has made the leap into the black for the first time under Fiat management. The smallest of the big three US auto companies earned $ 116 million in the first quarter. Revenue rose 35 percent year-on-year to $ 13.1 billion, the company announced on Monday.
No money so far from Fiat
It is the first quarterly profit since the start of the "new" Chrysler group in the summer of 2009. At that time, Chrysler had gone through bankruptcy proceedings with billions in aid from the US state. The Italian carmaker entered the US group in the course of the insolvency proceedings. Chrysler is co-controlled by Fiat boss Sergio Marchionne. So far, Fiat has not spent any money on the 30 percent stake, but has provided know-how.
Last year Chrysler had lost $ 652 million. In the final quarter alone, a loss of 199 million dollars started. (dpa)
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