Chrysler Reports Remarkable Profits

01/19/96

Both Reuters and the Associated Press reported that Chrysler announced its profits for the fourth quarter. Although earnings were 11% lower than last year's figures, they surprised Wall Street and and comprised the second best quarterly earnings the company has ever seen. Chrysler stock rose $1.87 in response and profit sharing employees can expect a payment averaging $3,200. Profits have been credited to minivan and full-sized pickup sales, and less spending on consumer incentives.

Paul Dever --- The Auto Channel

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