Chrysler

Chrysler does handbrake turn: $183m income after 2010′s losses

Chrysler does handbrake turn: $183m income after 2010′s losses

Chrysler has apparently done the impossible, turning around dire losses of $652m in 2010 to make $183m in income in 2011, with operating profit doubling to $2bn. Announcing its full year 2011 figures today, the car firm even managed to choke down a $551m debt payment in Q2, and still exceeded operating profit against the previous year by 2.5x. It's not from selling a huge increase in cars, either.

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