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FBN’s Diane Macedo with news that Chrysler reported its best quarterly profit since the company’s 2009 bankruptcy, plus a futures update.
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Good morning everyone I'm Diana stayed on the road ahead for Chrysler seems to be improving after the auto maker saw its best quarterly profits in its 2009 bankruptcy.
The company reported 473.
Million dollars in first quarter net income.
Up from 116.
Million a year ago and also confirmed that it expects to report a profit.
Of one and a half billion dollars for this year.
Revenue sixteen point 35 billion dollars was also up from thirteen point 12 billion last year.
Chrysler says -- overall sales in the quarter jumped 33% from a year ago.
To 523000.
Vehicles led by the US market.
Meanwhile the company says it will not renew its auto financing agreement with ally financial.
And is in talks with a number of banks including I'll -- -- about a better set of financing options.
-- take a quick look at futures another down across the board Dow futures are down by thirteen -- that over the com exchange for more today.
