• Jul 21, 2010
Chrysler may be more than a little short on new products right now, but that apparently isn't stopping Team Pentastar from bolstering its bottom line. The Detroit Free Press reports that Fiat/Chrysler CEO Sergio Marchionne told reporters that Chrysler managed to produce black ink between April and June. We won't know exactly how much money Detroit-based automaker pulled in until August.

In any case, this counts as phenomenal news for the struggling automaker, which went through bankruptcy proceedings during the second quarter of 2009. Chrysler also posted an operating profit of $143 million in the first quarter, though one-time costs meant an overall loss of $197 million at that time.

While we'll have to wait a couple more week for Chrysler's official Q2 numbers, Fiat has already posted its results for the quarter. The Italian automaker managed a $146 million profit bolstered by a 12.5 percent increase in revenue. Global sales reportedly grew by 6.7 percent versus the same quarter in 2009, even with a 21.5 percent drop in sales in Italy. Fiat's domestic market sales were negatively impacted due to the end of the country's Cash for Clunkers-style program.

[Source: Detroit Free Press | Image: Joe Raedle/Getty]


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  • 14 Comments
      • 4 Years Ago
      Earning a profit while having the more older designs on the market - a BIG CONGRATS TO THEM!!! The next 12-20 months will be very exciting!
      • 4 Years Ago
      Good news everyone!
      • 4 Years Ago
      Great.
      • 4 Years Ago
      Saving the US auto industry is one of only three things I agree with Obama on and I am happy that Chrysler is doing well. However I believe that they could be doing better if they took the wraps off of some future metal and showed the public and press signs of life. As a VERY happy owner of a 06’300C I am eager to see the second gen but so far nothing. And the thing is supposed to go on sale in December. I understand the idea of saving the buzz of a new model for as close to sale time as possible, but there has to be a happy medium between GM showing a car a full presidential term before it goes on sale, and what appears to be Chrysler's strategy of unveiling a car two weeks after it hits the showroom.
        • 4 Years Ago
        In the car biz, not showing your cards before you have to is key. Unlike the Ford Explorer peeks - which are getting really annoying, Chrysler/Fiat needs to make sure EVERYTHING is done. I commend them for showing restraint.
        • 4 Years Ago
        I think they've been focusing on the Jeep Grand Cherokee. Now that its out (and I can't wait to go drive one and yes maybe even buy) they'll probably switch gears to the 300. Speaking of that, I heard a rumor about a coupe for the next gen (for Charger as well) anyone else hear that?
      • 4 Years Ago
      Kudos, compliments and a tip o' the hat to the folks in Pentastarland.
      • 4 Years Ago
      I love the 300C, by the way. Don't know how it drives but the estate version with blacked-out windows and black paint would look so cool!
      • 4 Years Ago
      Great news for Chrysler.
      • 4 Years Ago
      Chrysler got very lucky by partnering with Fiat. Marchionne has shown before that he can save a company from the brink of collapse. If they can keep delivering products as good as the new Grand Cherokee, they will have my money the next time I buy a car.
      • 4 Years Ago
      This is a triumph of capitalism and unbridled business.

      /s

      I'd sooner congratulate them if they did this without the support of the State. But I suppose it's good to see them surviving, hopefully this will postpone the inevitable: them coming back to the government for more help.
        • 4 Years Ago
        Considering that between now and 2012 they will launch 14 brand new cars, I won't be so pessimistic......................
        If they can manage to make profit with no new cars, the future can only be brighter.
      • 4 Years Ago
      if sergio manages to turn around chrysler/dodge/mynameisram from this economy is gonna be one for the history books....
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