Summary Box: Chrysler posts net income of $183M

AP News
Posted: Feb 01, 2012 12:42 PM
Summary Box: Chrysler posts net income of $183M

BIG TURNAROUND: Chrysler Group LLC turned its first annual net income since 1997. It emerged from bankruptcy in mid-2009.

BY THE NUMBERS: Net income totaled $183 million in 2011, compared with a loss of $652 million in 2010. Revenue rose 31 percent from a year earlier to $55 billion, reflecting stronger sales. Chrysler rode 16 new or revamped models to success during 2011. U.S. sales rose 26 percent and were led by the Ram pickup and Jeep Grand Cherokee SUV.

THE FORECAST: CEO Sergio Marchionne says he's optimistic about 2012 and beyond. The company is forecasting net income of about $1.5 billion in 2012 on revenue of around $65 billion. Marchionne promises more new products for 2013.