Friday, July 23, 2010

Chrysler Turns Operating Profit Again in Second Quarter

TURIN, Italy — Chrysler Group reported its second consecutive quarterly operating profit, while corporate parent Fiat booked net income of $145 million during the quarter.

Fiat CEO Sergio Marchionne did not specify the amount of Chrysler's operating profit, nor did he say when the U.S. automaker would return to net profitability. Chrysler will release its full quarterly financial results on August 9.---...More

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