Chrysler Posts Profit, Moves Toward IPO
Aug 28th 2013 10:31PM
Updated Aug 28th 2013 10:32PM
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.Fool contributor John Rosevear has no position in any stocks mentioned. You can follow him on Twitter at @jrosevear. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.