Marchionne: Chrysler earned operating profit in Q2
 

<p>Filed under: <a href="http://www.autoblog.com/category/chrysler/" rel="tag">Chrysler</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a>, <a href="http://www.autoblog.com/category/fiat/" rel="tag">Fiat</a></p><a href="http://www.freep.com/article/20100721/BUSINESS01/100721028/1319/Marchionne-Chrysler-made-2Q-operating-profit"><img hspace="4" border="0" vspace="4" src="http://www.blogcdn.com/www.autoblog.com/media/2010/07/chrysler-jeep-dealer-sale-blur-630-getty.jpg" alt="" /></a><br />
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<a href="http://autoblog.com/make/chrysler/">Chrysler</a> may be more than a little short on new products right now, but that apparently isn't stopping Team Pentastar from bolstering its bottom line. <em>The Detroit Free Press</em> reports that Fiat/Chrysler CEO Sergio Marchionne told reporters that Chrysler managed to produce black ink between April and June. We won't know exactly how much money Detroit-based automaker pulled in until August.<br />
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In any case, this counts as phenomenal news for the struggling automaker, which went through bankruptcy proceedings during the second quarter of 2009. Chrysler also posted an <a href="http://www.autoblog.com/2010/04/21/chrysler-posts-financial-results-loses-197-million-in-first-qu/">operating profit of $143 million</a> in the first quarter, though one-time costs meant an overall loss of $197 million at that time.<br />
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While we'll have to wait a couple more week for Chrysler's official Q2 numbers, Fiat has already posted its results for the quarter. The Italian automaker managed a $146 million profit bolstered by a 12.5 percent increase in revenue. Global sales reportedly grew by 6.7 percent versus the same quarter in 2009, even with a 21.5 percent drop in sales in Italy. Fiat's domestic market sales were negatively impacted due to the end of the country's Cash for Clunkers-style program.<br />
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[Source: <a href="http://www.freep.com/article/20100721/BUSINESS01/100721028/1319/Marchionne-Chrysler-made-2Q-operating-profit">Detroit Free Press</a> | Image: Joe Raedle/Getty]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2010/07/21/marchionne-chrysler-earned-operating-profit-in-q2/">Marchionne: Chrysler earned operating profit in Q2</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Wed, 21 Jul 2010 18:59:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.freep.com/article/20100721/BUSINESS01/100721028/1319/Marchionne-Chrysler-made-2Q-operating-profit>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/07/21/marchionne-chrysler-earned-operating-profit-in-q2/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19563315/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/07/21/marchionne-chrysler-earned-operating-profit-in-q2/#comments" title="View reader comments on this entry">Comments</a>

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