Chrysler employees received some good news this week. The automaker announced it would issue profit-sharing checks worth $1,500 to each of its hourly workers for the first time since 2005. The company posted a $183 million profit for 2011, marking the first time the company has avoided a loss in six years, according to The Detroit Free Press. The earnings were due largely to a host of more compelling vehicles, including the Jeep Grand Cherokee, Dodge Durango, Chrysler 200 and 300. Each of those vehicles command a higher price tag than their less-refined predecessors.

On average, buyers have been willing to hand over $3,200 more for their Chrysler vehicles than they did just one year prior. Company CEO Sergio Marchionne said the profit-sharing checks were a reward that the company's workers had earned.

Interestingly enough, parent company Fiat isn't enjoying the same success back home. According to the report, without the earnings from the Italian automaker's stake in Chrysler, Fiat would have reported a $265 million loss in 2011. In a strange turn of fate, Chrysler has begun supporting Fiat. With Italy and the rest of Europe in the throws of a debt crisis, the automaker doesn't look to have a better 2012, either.


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  • 73 Comments
      DOUG QUICK
      • 2 Years Ago
      GOOD FOR THEM,I WORKED FOR THEM 35 YEARS,AND AM PROUD OF IT.
      fautocom
      • 2 Years Ago
      Chrysler is ROARING BACK... Good...Si..Italiano.. Thanks Sergio.. Italian interiors in American cars..
      Blank For reason
      • 2 Years Ago
      Its the Charger and Challengers that I see EVVERY where.(Said like Cleveland Brown) And that new style sides on the charger are as sharp as any muscle car. That 200 is very nice, I rented one and loved it. Smooth, lots of features.
      Ed Baggett
      • 2 Years Ago
      When Fiat bought Chrysler the public balked & wrote them off....now look who's laughing !
      heavenhelpus2222
      • 2 Years Ago
      Yall stop being so jealous .....Of course those workers deserve them bonuses .....Just like every other hard working american deserves to get one !
      DENNIS
      • 2 Years Ago
      amazing --- a article in the wall street yesterday stated that chrysler was owned (56.8%) by Fiat. And they were looking to buy another 5%. How can this be a profit.
      anthonygolfbones
      • 2 Years Ago
      I am glad to see the Chrysler workers getting a bonus for a job well done.If they worked for GM they would have seen the money divided up by the CEO,s. GM had a record year and I am sure there will be bonuses paid out to the CEO's and I would be willing to bet that those bonuses will amount to more that what Chrysler earned last year. GM can't even keep the retiree,s pension fund where it is supposed to be, just like the goverment and Social Security, they used the money for other things but don't want to pay it back.
      noknrc
      • 2 Years Ago
      I never was a believer in Chrysler products until I purchased my dodge ram 3500 dually with the Cummings diesel . I looked at GM and Ford diesels and the dodge looked the best. I would definitely buy another if the needs comes up. I have never bought any of their cars with a gas engine with all the trouble they had with engines years ago. I was always a GM person but anymore the GM engines need some help.
      • 2 Years Ago
      [blocked]
      TMTexas
      • 2 Years Ago
      And well deserved. Good to see a company like Chrysler doing well again. They've always been talented and developed great cars, save for the dark ages (1998-2009), and it's good to see them rewarding the folks who have gone through hell and back with this company and stuck it out. Good job Chrysler, keep it up!
        omgcool
        • 2 Years Ago
        @TMTexas
        It's hard to put a year that the "dark ages" began. I don't know how else to say this, but my 1999 300M (LH I believe was the last car designed before Daimler took over) is the greatest practical car I can think of to come from the 90's, which surpasses even most of what was made in the 2000's (to me). I can honestly say that I have not yet driven a car that I'd rather drive every day, even out of the extensive, much-newer car base from which I've driven/ridden in. I feel like standard cars are only now catching up to my good ol' 300M. In the 3 years and 52,000 miles I've had it, I haven't once wished I purchased a different car. It truly feels like it was designed and built for me. People on my forum agree that the 300M is one of those cars that once you get rid of, you really miss it. I think it will be a classic in the future. It ought to be. For the record, as a child, I grew up a GM kid (though the Ram was my pickup of choice thanks to Twister lol). Now I'm open to anything, but particularly fond of Chrysler.
          Frank
          • 2 Years Ago
          @omgcool
          omgcool, Here is a picture of where Chrysler was going before Daimler took them over. The concept for the next 300, the 300N - rwd and hemi powered. It was called the 300 Hemi C but it was the going to be the basis for the 300N. http://dodgeforum.com/forum/brand-news-concepts-and-rumors/6599-2000-chrysler-300-hemi-c-concept.html
        ajschrod
        • 2 Years Ago
        @TMTexas
        Maybe Texans are a little more "America-first" minded than other southerners. All I see is Toyotas and Nissans from Virginia down to Florida!
      • 2 Years Ago
      [blocked]
        Frank
        • 2 Years Ago
        It's Chrysler that's making the money right now. FIAT is not. No wonder Sergio's office is in Auburn Hills.
          Mike Pulsifer
          • 2 Years Ago
          @Frank
          Only because Italy's economy's on the brink thanks to the Eurozone mess. Don't count your chickens here yet until the Europeans get things at least stabilized.
      benzaholic
      • 2 Years Ago
      lucky turn of fate for Sergio. Well earned reward for those who get the $1,500. Chrysler family vehicles are no longer the laughing stock they so recently used to be. It's also satisfying to see that the market has responded so well to Chrysliat's investments in interiors and suspensions, as well as that V6 they are so desperately fitting into just about everything.
        • 2 Years Ago
        @benzaholic
        [blocked]
          Mike D
          • 2 Years Ago
          From what I've read the Earth Dreams isn't THAT much more powerful than the Pentastar. I should hope that a brand new engine would be more powerful/efficient than one designed a couple years ago. This isn't news, this is just more crap being spewed by a very biased troll.
        TMTexas
        • 2 Years Ago
        @benzaholic
        Why am I surprised to see a smug comment from someone who boasts the dreaded three pointed star in his username? Hahaha . . . the V6 they're "desperately" fitting into anything? I don't think desperate is the word I'd use, I think "appropriate" would be far better. It's a Ward's 10 best engine and consolidates an outdated and poor (thanks largely to your chosen marque's illustrious management) V6 lineup. It's good business sense, not desperation.
          Frank
          • 2 Years Ago
          @TMTexas
          What he doesn't know is that the V6 he says they are so "desperately" fitting into everything was going to be used in Mercedes cars as well!
        ajschrod
        • 2 Years Ago
        @benzaholic
        If you're trying to be sarcastic, it's going over MY head!
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