February 7th, 2012 
davidguide Detriot, MI, United States (AHN) – Chrysler reported a $225 million profit on Wednesday. The company capped its first profitable year since its government bailout and bankruptcy in 2009.
The fourth quarter results were fueled by $15.1 billion in revenue, a 41 percent increase from the same period a year earlier.
For the full year, the struggling automaker on the way to a dramatic turnaround, reported net income of $183 million, compared with a $652 million loss in 2010. Annual revenue for 2011 rose 31 percent to $55 billion.
Giving gas to the turnaround was surging sales of its Chrysler, Jeep and Dodge vehicles. Worldwide sales of its cars and trucks increased 22 percent to 1.85 million vehicles in 2011.
Even better and more encouraging was that Chrysler guided higher for 2012, a move that suggests its turnaround has wheels.
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