Chrysler reports $199 million net loss in Q4 (Reuters)
DETROIT (Reuters) – Chrysler Group LLC, the maker managed by Fiat SpA, reportable a $199 meg gain expiration for the fourth lodge on weekday and it expects to be juicy in 2011, the year it plans to go public.
Chrysler, which emerged from a U.S. government-funded bankruptcy in mid-2009, reportable fourth-quarter revenue of $10.76 billion, a offense modify from the ordinal lodge cod to a less sales to fleet customers.
The maker reportable an operating acquire of $198 million, excluding interest expenses linked to high-interest U.S. and river government loans.
Chrysler is aiming for initial open substance during the second half of 2011. Chief Executive Sergio Marchionne has said the company must report a "couple" lodging of gain income before an IPO.
The company prognosticate gain income between $200 meg and $500 meg for 2011. It expects its 2011 revenue to move by nearly one-third to $55 billion.
(Reporting by Deepa Seetharaman; Editing by Derek Caney)
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