Changing Gears » auto workers http://www.changinggears.info Changing Gears is a public media project about the future of the industrial Midwest. Each week, reporters Dan Bobkoff in Cleveland, Niala Boodhoo in Chicago and Kate Davidson in Ann Arbor cover issues of interest to the Great Lakes region. Changing Gears also sponsors public events and conversations. Tue, 21 May 2013 01:19:20 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 The Changing Gears Podcast is produced by Changing Gears, a public media project looking at the future of the industrial Midwest. Each week, Senior Editor Micki Maynard looks at the project's latest stories by Dan Bobkoff in Cleveland, Niala Boodhoo in Chicago and Kate Davidson in Ann Arbor. Changing Gears no Changing Gears changinggears@umich.edu changinggears@umich.edu (Changing Gears) Copyright © Changing Gears 2011 Remaking the Manufacturing Belt Changing Gears » auto workers http://www.changinggears.info/wp-content/uploads/2010/10/just_our_gears_sm.jpg http://www.changinggears.info Chrysler’s First Quarter Results Keep It On Track http://www.changinggears.info/2012/04/26/chryslers-first-quarter-results-keep-it-on-track/ http://www.changinggears.info/2012/04/26/chryslers-first-quarter-results-keep-it-on-track/#comments Thu, 26 Apr 2012 14:45:42 +0000 Micki Maynard http://www.changinggears.info/?p=14590 Continue reading →]]> Three years ago this month, Chrysler was about to enter a federally managed bankruptcythat saved it from liquidation.

Chrysler logo/photo by Ricardo Giaviti via Flickr

Today, Chrysler, which is based in Auburn Hills, Mich., said it earned $473 million in the first quarter, its best results since the SUV-profit fueled first quarter of 1998, and almost four times what it earned in the same period last year. Chrysler’s revenue in the quarter was $16.4 billion, up 25 percent from a year ago.

The Chrysler earnings keep it on track to reach its goal of earning $1.5 billion for 2012, and $25 billion in revenue. The results are the best since Chrysler began reporting quarterly profits again after its bailout.

The strong results mean that Chrysler’s 26,000 U.S. hourly workers will get bonuses of $1,750 each for 2011.

Read more about Chrysler’s results in The New York Times.

]]> http://www.changinggears.info/2012/04/26/chryslers-first-quarter-results-keep-it-on-track/feed/ 0