Chrysler Reports Net Profits for the First Time Since Emerging from Bankruptcy

On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter of 2011 compared to a net loss of $197 million in the same period last year.

At the same time, the company’s revenues grew 35 percent from $9.7 billion in Q1 2010 to $13.1 billion in Q1 2011. In addition, the automaker said it had $9.9 billion in cash reserves at the end of the first quarter compares to 2.5 billion in December 31, 2010.

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Chrysler Reports Net Profits for the First Time Since Emerging from Bankruptcy

On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter of 2011 compared to a net loss of $197 million in the same period last year.

At the same time, the company’s revenues grew 35 percent from $9.7 billion in Q1 2010 to $13.1 billion in Q1 2011. In addition, the automaker said it had $9.9 billion in cash reserves at the end of the first quarter compares to 2.5 billion in December 31, 2010.

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Top Five Posts as of 5-1

This week, the Civic post, 2012 Honda Civic shown, continues to lead the pack by an almost two to one margin over the second most popular post of the week by page views, 2012 ZL1 reveals Chevy performance Camaro-style.

This week's Jeep love comes from the 2012 Jeep Grand Cherokee SRT8 defines SUV high performance (right) that comes in at number three.

The BMW Vision is a go post announced the production of BMW's striking Vision concept which will be known as the i8. (Here is the post announcing the new BMW "i" sub brand - above)

The Top Five for this week is completed by the Quick Look: 2012 Ford Focus post.

Check out posts at sister site
uautoknow.net - Classic.

Don't forget to check out the uautoknownet channel at YouTube.

Top Five Posts as of 5-1

This week, the Civic post, 2012 Honda Civic shown, continues to lead the pack by an almost two to one margin over the second most popular post of the week by page views, 2012 ZL1 reveals Chevy performance Camaro-style.

This week's Jeep love comes from the 2012 Jeep Grand Cherokee SRT8 defines SUV high performance (right) that comes in at number three.

The BMW Vision is a go post announced the production of BMW's striking Vision concept which will be known as the i8. (Here is the post announcing the new BMW "i" sub brand - above)

The Top Five for this week is completed by the Quick Look: 2012 Ford Focus post.

Check out posts at sister site
uautoknow.net - Classic.

Don't forget to check out the uautoknownet channel at YouTube.