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STOCK MARKET VIEW -
Chrysler success bails out
Fiat |
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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  Sergio Marchionne’s wisdom in buying Chrysler |
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