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    ChllcBlkHorz_high.jpgChrysler Group LLC recently announced its preliminary financial results for
    the second quarter (Q2) 2011, demonstrating continued improvement in
    its operating and financial performance.  Chrysler Group LLC achieved modified operating profit of $507 million in Second Quarter 2011, up 177 percent from Q2 2010. They also fully repaid their bail-out loans, six years ahead of schedule. Net Revenues in Q2 2011 were $13.7 billion, up 30 percent from $10.5 billion in Q2 2010.


    In Q2 2011, Net Revenues increased 30 percent to $13.7 billion compared
    to Q2 2010. The increase was primarily due to increased volumes and
    positive pricing and mix attributable to the 16 all-new or significantly
    refreshed products in the marketplace. First half (H1) 2011 Net
    Revenues totaled $26.8 billion, up 33 percent from H1 2010.

    “There is no doubt that Chrysler Group has taken a huge step forward
    this quarter,” said Sergio Marchionne, Chief Executive Officer, Chrysler
    Group LLC. “Refinancing our debt and repaying our government loans six
    years early, reinforces our conviction that we are on the right path to
    rebuilding this Company and restoring it to its rightful place on the
    global automotive landscape.

    “We are changing both the image and substance of our company in order to
    regain the faith of consumers. There is no substitute for hard work and
    we are committed to continuing to deliver on the business plan numbers
    we outlined,” added Marchionne.

    Content courtesy of Chrysler Group

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