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Neat trick: Chrysler claims $1.1 billion profit
It's a claim that needs a big, fat asterisk after it, but Chrysler's Jim Press is cheerily touting a $1.1 billion dollar gross profit. The number, which wasn't pulled out of a posterior orifice but has yet to be adjusted, is known as the EBIDA, or earnings before interest, depreciation, and amortization. Well, shoot, if you take all of the albatrosses off the necks of the automakers, they're all cranking along with nice gross profit numbers. Too bad that Chrysler's gross profit will turn into a disgusting loss once the accounting is done. It's ... Read more →
Chrysler won't turn a profit in 2008, but still on track to achieve goals Jeremy Korzeniewski
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Neat trick: Chrysler claims $1.1 billion profit 1 year ago on Autoblog
It's a claim that needs a big, fat asterisk after it, but Chrysler's Jim Press is cheerily touting a $1.1 billion dollar gross profit. The number, which wasn't pulled out of a posterior orifice but has yet to be adjusted, is known as the EBIDA, or earnings before interest, depreciation, and ...
Chrysler won't turn a profit in 2008, but still on track to achieve goals 1 year ago on Autoblog
Despite the fact that the beleaguered automaker has not yet turned a profit since its unceremonious departure from Daimler to Cerberus, Chrysler CEO Bob Nardelli says that the company is still on track. "Through the first quarter we are still on plan relative to the pro forma and the targets we ...
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Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.
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