Although there has been plenty of doubts regarding Chrysler’s financial health, their financial results for the first quarter of 2010 proved that the automaker is far healthier than most may have predicted.
In the recent reporting, Chrysler posted a $143 million operating profit and showed positive cash flow. These favorable figures will reportedly be used to bolster Chrysler’s lineup, with nearly 16 all-new or face-lifted vehicles just this year. Dealers are eager to see what the automaker has in the pipeline, Des Moines Chrysler says.
“This positive operating result in the first quarter is a concrete indication to our customers, dealers and suppliers that the 2010 targets we have set for ourselves are achievable,” said CEO Sergio Marchionne. “We are also generating cash to finance the investments being made in our product portfolio and brand repositioning,”
Among the new vehicles arriving in showrooms soon will be the highly anticipated 2011 Jeep Grand Cherokee. Following the new Jeep will be an all-new version of the once sought after Chrysler 300 sedan. It’s hoped that the new model will resurrect the Grand Cherokee, Connecticut Jeep Dealers say.
“There has already been an uptick in customer traffic in our dealerships in Q1 and we are confident that Chrysler sales will continue to increase as we launch new products in the second quarter, beginning with the all-new 2011 Jeep Grand Cherokee. Moreover, later this year, Chrysler will launch 16 all-new or refreshed products including the all-new Chrysler 300, Dodge Charger, E-CUV, the iconic Fiat 500, and the Sebring replacement.”
Mentioned briefly by CEO Sergio Marchionne was the E-CUV, which is presumably Chrysler’s first foray into the electric vehicle segment. Although Chrysler has been working on electric vehicle for some time, there are no firm details just yet on what to expect with this new crossover. Improved models should strengthen the brand in the pre-owned market, Used Car Dealer Maryland says.
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