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发帖数: 29846 | 1 By JEFF BENNETT
DETROIT—Chrysler Group LLC freed itself of government ownership in the
second quarter but continued to struggle with profitability.
The auto maker said its net loss widened to $370 million compared to a net
loss of $172 million for the same period a year earlier. The loss included a
one-time charge of $551 million related to the paying off of loans provided
by the U.S. and Canadian governments to keep the company operating after it
filed for bankruptcy protection two years ago.
On an operating basis, the company made a profit of just $181 million even
as revenue rose 30% to $13.7 billion.
Chrysler sold 486,000 cars and trucks worldwide in the second quarter, a
rise of 19%. Unlike rivals Ford Motor Co. and General Motors Co., Chrysler
still depends on North America for the majority of its sales and remains a
far smaller player in the emerging markets of China and India.
The auto maker adjusted its 2011 outlook downward saying it may break even
or post a small net loss mainly as a result of the $551 million charge to
pay off its government loans. Excluding the charge, Chrysler said it will
likely meet its original forecast of $200 million to $500 million. Revenue
is still on track to exceed $55 billion, the company added.
"Refinancing our debt and repaying our government loans six years early,
reinforces our conviction that we are on the right path to rebuilding this
company and restoring it to its rightful place on the global automotive
landscape," Chrysler Chief Executive Sergio Marchionne said in a written
statement. "We are changing both the image and substance of our company in
order to regain the faith of consumers."
Chrysler's cash on hand grew to $10.2 billion at the end of June from $9.9
billion in the first quarter. The company also said it sold 880,000 cars and
trucks during the first half of the year. Mr. Marchionne had set a goal of
selling two million vehicles world-wide in 2011. |
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