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Chrysler Has Big Surprise On Tap

Who'd have thought Chrysler could report these kinds of numbers? On Wednesday, the long-troubled U.S. maker plans to report its fourth quarter and full 2011 financial figures which – analysts anticipate – could see as much as $2 billion in full-year operating profits.

That would mark the first time Chrysler will have gone into the black for the full year, on an operating basis, since 1997, just before its ill-fated “merger-of-equals” with German’s Daimler AG. Significantly, the announcement of any full-year profit would come as a stark contrast to the situation the maker found itself in fewer than three years ago, when it was forced to file for Chapter 11 bankruptcy protection.

Read the whole story at The Detroit Bureau »

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