Less than two years
after a government-backed bankruptcy, iconic US automaker Chrysler
posted its first annual profit and vowed to keep the money pouring at an
even faster pace on Monday.
Chrysler's
remarkable success at the hands of Italy's Fiat comes after failed
marriages to German's Daimler and private equity group Cerberus and
years of painful restructuring.
Chrysler's
full year net income rose to USD 183 million from a USD 652 million
loss in 2010, thanks to fourth quarter earnings of USD 225 million.
Chrysler
forecast that net income would jump to around USD 1.5 billion in 2012
as revenues rise to USD 65 billion from USD 55 billion in 2011 and USD
42 billion in 2010.
"The
house is in good order. We are proud of the work we've done," said
Sergio Marchionne, chairman and chief executive of Chrysler and Fiat.
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