Chrysler Posts Profit, Moves Toward IPO
Sales of Chrysler's Ram pickups were brisk in the second quarter. Photo credit: Chrysler
Chrysler reported a second-quarter net profit of $507 million this month, a solid result that reflected continued success with the recently overhauled Jeep Grand Cherokee and Ram pickup lineups.
Now Chrysler is looking ahead to the launch of the all-new Jeep Cherokee, to an initial public offering that could happen later this year -- and to a full-blown merger with Italy's Fiat . In this video, Fool.com contributor John Rosevear looks at highlights from Chrysler's latest quarter -- and at the path ahead as Detroit's No. 3 automaker gets set to return to the New York Stock Exchange.
Chrysler has struggled to get traction in China's white-hot auto market, but its Jeep brand is expected to do well over the long term. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market," names the two automakers that are best-positioned to reap big gains as China's auto boom unfolds. You can read this report right now for free -- just click here for instant access.
The article Chrysler Posts Profit, Moves Toward IPO originally appeared on Fool.com.
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