Tuesday, February 1, 2011

Chrysler: no interest, profits fly

The results show a bit of Chrysler 'optimism even though there is still much work to do. The figures speak for themselves and can be interpreted from different points of view: in the last quarter of 2010, losses of 199 million dollars. Warned, however, excluding interest rates on loans granted by the federal government and other "debt restructuring" the figure is turned upside down: 198 million operating profit.

A similar argument considering the internal 2010: 652 million loss, but operating profit to 763 million. Everything, in essence, is in those interest rates that the company must pay and Detroit in 2010 led to an extra outlay of 1.23 billion dollars. following the loan of 5.8 billion Washington, to 1.3 billion by the executive of Ottawa, to the 1 billion from an insurance fund of 400 million Canadian and Mexican government to implement the plant where it assembled the Fiat 500.

And this debt has mentioned the CEO Sergio Marchionne, saying they should put it out as soon as possible, despite the forecasts say that 2011 will end with a corporate income between 200 and 500 million dollars, also of strong ' increased market shares both in the U.S., where the group has gone from 8, 8% in 2009 to 9.2% last year, both in Canada, where he spent 11 to 13%.

Meanwhile, a financial analyst said that if Chrysler will maintain the current trend of sales in 2011 will close with 1 million units sold in more (worldwide) and can therefore generate $ 2 billion of liquidity.

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