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    Chrysler profit expected to grow in 1Q

    18.05.12

    Chrysler is expected to add to its recent success when it reports first-quarter results on Thursday.

    The automaker, which nearly collapsed in 2009, earned $116 million in the first quarter of 2011. That was its first quarterly net income in five years.

    A much bigger first-quarter profit is expected this year. Sales are up. And the company is charging higher prices for cars and trucks that have been revamped since Chrysler's emergence from bankruptcy protection almost three years ago.


    Source: BusinessWeek