News

Chrysler Profits Soar

January 30, 2013



Chrysler says it made $1.7 billion in 2012, about nine times more than it made the year before. Its parent company, Fiat, doubled its earnings in the fourth quarter, but overall profits fell from about $1.8 billion in 2011 to $471 million last year. This comes a day after Ford reported a $5.7 billion profit in 2012. Auto analyst Michelle Krebs of Edmunds.com tells WDET’s Pat Batcheller it’s more proof of the industry’s comeback. Click on the audio link above to hear the conversation.