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STOCK MARKET VIEW - Chrysler success bails out Fiat
Hard to believe that Fiat rescued Chrysler just three years ago
Published: Thu, 03 May 2012 19:00:56 GMT

Chrysler expected to make big profits for 2012, while Fiat hangs on - If anyone doubted Fiat CEO Sergio Marchionne’s wisdom in buying Chrysler of the US, the first quarter results would have put them straight

The latest financial numbers show that Chrysler effectively kept the alliance in the black, as its huge profits more than compensated for Fiat’s losses.

Fiat-Chrysler’s net profit zoomed to €379 million in the first quarter from €37 million in the same period last year, but without the contribution of Chrysler, Fiat would have lost €273 million

Laughing Sergio Marchionne Fiat/Chrysler CEO
Sergio Marchionne’s wisdom in buying Chrysler

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