Chrysler: Best profits in 13 years [View all]

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http://www.khaleejtimes.com/biz/inside.asp?section=companies&xfile=/data/companies/2012/April/companies_April26.xml

(AP) / 26 April 2012

Chrysler followed its strong first-quarter sales with a big profit, sending its 2009 brush with financial death farther into the rearview mirror.

The Auburn Hills, Mich., company made a net profit of $473 million, its best quarter in 13 years, mainly on the back of strong U.S. sales. From January through March, Chrysler’s sales were up 39 percent as customers bought more Ram pickups, Jeep Grand Cherokee SUVs and Chrysler 200 midsize sedans.

Not bad for a company that almost died three years ago. A government auto task force deadlocked on whether to save the company in 2009, with the tie broken by President Barack Obama.