📰 Auto News Chrysler Records $473 Million 1st-Quarter Profit, Biggest Since 1998

[Mook]

not bad.

A year ago Chrysler reported its first, post-bankruptcy quarterly profit -- $116 million. A year later, the company has quadrupled that, bringing in a net income of $473 million. That's the biggest quarterly profit the automaker has recorded since... 1998. It made $682 million in the third quarter of that year.

The automaker sold 523,000 vehicles during the first quarter of 2012, a 33-percent increase from the first quarter of 2011. You can read the full press release here.

Another interesting bit of news is that Chrysler's performance in North America is helping to prop up Fiat, which had a first-quarter loss in Europe. Notably, Fiat wouldn't have been profitable without Chrysler.

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[The Beast]

good for them

 

[Yaj Yak]

 

[Mike K]

Look what happens when you stop building absolute shit...

 

[The Broken Regal]

Lots and lots of 200s

 

[Primalzer]

Look what happens when you stop building absolute shit...

That's still debatable

 

[wolfe]

Look what happens when you stop building absolute shit...

When did they do that?

Have they repaid all of the bail out $ yet?

 

[ChrisRac]

Good for them. Glad to see American companies on the rebound.

 

[Smokinhot]

my mom and sister works/worked for a chrysler/jeep dealer, and all I know is they have promo's ALL the time

 

[EmersonHart13]

Mike hit it on the head, though I am still not overwhelmed by anything they are rolling out.

 

[TonzKnock-G]

I really like the new 300's.

 

[EmersonHart13]

With big ass Hemi of course.

 

[Primalzer]

Chrysler is making strides, but you don't go from making absolute shit one year, to top of the line stuff 2 years later. Don't get me wrong the 300 is a lot better, especially with the new V6, and 8-speed transmission. The Hemi is nice, but I still think it's a little too far behind the curve on efficiency. Dealers are still selling the Caliber, which means the whole company is automatically reduced to shit-level. The 200 is just a facelifted Sebring, and take it from someone who's driven a new Sebring, worst car I've ever driven, and I owned a PT Cruiser.

 

[UWISHU1]

I wish I could rebound

 

[Mike K]

Just in terms of looks, features, interior build quality, etc they've come a long way. I had a Charger with the Pentastar V6 and the 10.4" in dash touch screen and it was an impressive car for what it was.

The new Cherokee, Durango, Dart... I think those are nice cars. I'm not a fan of the 300 any more though it's supposed to be a really nice car as well.

Actually I think the scourge on Chrysler's balance sheet is the Challenger. That car is an example of everything that's wrong with the retro movement. It's too tall and too narrow and they took the whole retro thing a little to far by making it drive like an old muscle car too.

 

[EmersonHart13]

I always thought the sour point of the Challenger was it's lackluster interior.

 

[SWORN]

good for them

Agreed!

 

[Mike K]

I always thought the sour point of the Challenger was it's lackluster interior.

Nah, the Camaro is a great example of being able to sell a car with a crap interior. The Challenger is just lackluster on almost every level.

 

[Primalzer]

I didn't think the interior was AWFUL, but it definitely wasn't good. I more thought the sheer size of the vehicle was its biggest sour point.

 

[greasy]

The new 300, especially the SRT edition, is fucking sexy.

 

[Mike K]

The new 300, especially the SRT edition, is fucking sexy.

I LOOOOOOVED the original 300C but I can't stand the new car. The original was encroaching on becoming gaudy and just about anything you do to it makes it look bad but the new one... It's as if they took everything that could make the car look worse and tacked it on. Autozone LED lighting, check. Chrome strips, check.

LA has ruined me on the original version too. Every tool is rocking a Touring 300 with 22 inch rims, a Bentley Grill, LED strips and the works.

 

[jason05gt]

Look what happens when you stop building absolute shit...

Or when you have the Government take care of all of your debt, screw over creditors, etc.

 

[Mike K]

Or when you have the Government take care of all of your debt, screw over creditors, etc.

I was anti-bailout but in hindsight, it worked out. Haven't they re-paid the loan?

If the circumstances repeated themselves, I'd be anti-bailout all over again. I agree that the government has no right to pick and choose to gets to stay in business and who doesn't.

 

[jason05gt]

I was anti-bailout but in hindsight, it worked out. Haven't they re-paid the loan?

If the circumstances repeated themselves, I'd be anti-bailout all over again. I agree that the government has no right to pick and choose to gets to stay in business and who doesn't.

Neither GM or Chrysler have paid back their true debt (and likely never will).

 

[Bob Kazamakis]

If you buried yourself into a giant hole and someone dangled a free saving rope you wouldn't grab it? Fuck yea I would.