From our colleagues at Business Day:
DETROIT — Chrysler said on Monday that it narrowed its loss in the second quarter to $172 million and recorded its second consecutive operating profit as sales and revenue increased, reports Nick Bunkley in The New York Times.
The company earned $183 million in operating income, which excludes one-time charges, an improvement of $40 million over the first quarter. The overall loss, primarily attributable to interest payments on Chrysler’s government loans, was $25 million less than in the first quarter and far smaller than its fourth quarter loss of $2.7 billion.
Revenue rose 8.2 percent from the first quarter to $10.48 billion. Results in the years before Chrysler’s April 2009 bankruptcy filing are not public.