Chrysler, propelled by higher sales of Jeeps and other revamped cars and trucks, reported yesterday its first annual net income since 1997.
The U.S. automaker, now privately held and majority owned by Italy’s Fiat, earned $183 million last year on $55 billion in revenues, reversing a $652 million loss in 2010, its first full year out of bankruptcy protection.
Chrysler expects an even better 2012, despite a sluggish and uncertain global economy. The company, which sells most of its vehicles in the U.S., predicts it will make roughly $1.5 billion this year and increase revenue 18 percent.
“The house is in good order,” CEO Sergio Marchionne said Wednesday. “Now we greet a new year of high expectations with our heads down, forging ahead.”
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