Chrysler Group LLC began the week on a positive note after announcing a net income of $116 million for Q1 2011, its first quarterly net income since 2009.
The automaker, which currently boasts 16 all-new or significantly-redesigned models, can thank a new strategic approach, an 18-percent rise in global sales at 394,000 units as well as more competitive prices for the improvement.
With more cash coming in, Chrysler was able to reduce its net industrial debt from $5.8 to 3.4 billion. Economic experts say the debt will melt even more rapidly in the upcoming months and years, since the company announced that it plans to commence new financing transactions and repay its loans from the U.S. and Canadian governments in full.
These are great news for the American auto industry, which has now seen the Big 3 re-emerge from the 2009 crisis and restore their collective image.
The automaker, which currently boasts 16 all-new or significantly-redesigned models, can thank a new strategic approach, an 18-percent rise in global sales at 394,000 units as well as more competitive prices for the improvement.
With more cash coming in, Chrysler was able to reduce its net industrial debt from $5.8 to 3.4 billion. Economic experts say the debt will melt even more rapidly in the upcoming months and years, since the company announced that it plans to commence new financing transactions and repay its loans from the U.S. and Canadian governments in full.
These are great news for the American auto industry, which has now seen the Big 3 re-emerge from the 2009 crisis and restore their collective image.