Chrysler Earned More So Far in 2012 Than All of 2011

What recession? First-quarter profits show major rebound.

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In a quick three months, Chrysler has already raked in $473 million, more than quadruple what the company had earned at this point in 2011. The incredible increase has a lot to do with global sales rising by 33 percent. 

“Another positive quarter — built on sales gains that have surpassed the industry average — is affirmation that the Chrysler team is maintaining its focus,” Chrysler’s chief executive Sergio Marchionne said. 

The gains result in payoffs for each of the 26,000 hourly employees at Chrysler, earning each of them a $1,750 bonus

[via New York Times]

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