Chrysler Reports Net Profits for the First Time Since Emerging from Bankruptcy

On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter of 2011 compared to a net loss of $197 million in the same period last year. At the same time, the company’s revenues grew 35 percent from

Chrysler Group to Repay $7.5 Billion of Government Loans by the End of June

In order to pave the way for Fiat to reach 51 percent ownership of the Chrysler Group, the Auburn Hills-based automaker announced today that it intends to repay in full the loans provided by the U.S. and Canadian governments back in 2009 ($7.53 billion in total). The Chrysler Group said it plans to complete the repayment during the second quarter of 2011 (ending in June). The company will use