car sales

For the first time in two years chrysler has actually turned a profit. ya so for the first time since there 2009 bankruptcy they have actually reported a money gain. last week they reported a first quarter net income of 116 million and revenue of 13.1 billion dollars!
luckly theis isnt the only auto maker that has been reporting profitable quarter income General Motors have also been reporting large amounts gain sinec there bankruptcy in 09 and also ford who almost had to report bankruptcy. even thou it is still a pretty long road for the automakers they are back on track to start paying the goverment some of the many billions of dollars that they still owe the u.s. goverment. Chrysler is expecting a rather large drop in sales thou because of the rising gas prices. and them having a large amount of trucks and suvs.
one large reason that is beleaved why the company was able to sell so much more was because the company lowered incentive spending by over a thousand dollars per vehicle. but these are all good sighns of a hopefully soon finacial recovery.