Back in Black: Fiat’s Chrysler Group Posts its First Absolute Profit, $212 million
Chrysler Group, the post-Daimler, post-Cerberus, Fiat-run automaker nearly left for dead two-and-a-half years ago, has posted its first quarterly net profit. For the third quarter of 2011, Chrysler’s net profit was $212 million. That compares with an $84 million net loss for the third quarter of ’10, and a $370 million loss for the second quarter of this year.
The positive news comes on the heels of the United Auto Workers’ rank-and-file approval Wednesday night of a four-year contract with Chrysl…
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