Chrysler Group LLC announced their first audited financial results today since the "new Chrysler" began operating on June 10, 2009. These numbers give us a quick peek into how the company has fared since they rolled off the bankruptcy line as a new model. Here are a few of the highlights from the report:
Period from June 10, 2009 through Dec. 31, 2009
......Net revenues from this period were $17.7 billion dollars. Of that, $9.4 billion came in the fourth quarter.
.......Chrysler had an operating loss of $895 million for the reporting period. Of that, $267 million was related to the fourth quarter.
.......Worldwide vehicle sales were 739,000 units, with 318,000 sold in the fourth quarter.
.......US vehicle sales were 513,000 units, with 216,000 sold in the fourth quarter.
.......Chrysler's market share was 8 percent.
...... The net loss was $3.8 billion dollars, with $2.7 billion coming in the fourth quarter.
Now, for the highlights from the first quarter of 2010(period ending March 31, 2010)
......Net revenues of $9.7 billion, up three percent from the fourth quarter of 2009.
......Chrysler reports an operating profit of $143 million dollars.
......They report a net loss for the quarter of $197 million dollars.
......Market share improved to 9.1 percent from 8.1 percent in the fourth quarter of 2009.
.......They generated $1.5 billion in cash to bring their cash reserves to $7.4 billion.
......Worldwide vehicle sales were 334,000 units.
......Their U.S. inventory has increased from 179,000 vehicles at the close of 2009 to 208,000 vehicles on March 31, 2010.