Chrysler finally knocked off the profits

For the first three months of 2011, Chrysler finally knocked off the net profits evaluated at 116 million U.S. dollars compared to losses of $ 197 million recorded for the same period in 2010. Moreover, we note that the turnover is increasing 35% compared to the figures of the previous year.

During this period, they sold 394,000 vehicles which corresponds to a 18% increase in quarterly sales.

In the end, the quarterly income group totals 13.1 billion, up 18%.

Repayment of debt

Chrysler Group LLC has officially committed to repay all of its debt of 7.5 billion U.S. dollars it owes the American, Canadian and Ontario governments over the coming months.

A prerequisite that must be satisfied the Italian automaker Fiat, which has always capture 51% of the shares of Chrysler. Currently, shares of Fiat Chrysler amounted to 30%.