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Chrysler, Ford Show Strong Financial Results

Yesterday, Chrysler Group LLC reported net income of $473 million USD for the first quarter of 2012.  This was a gain of 407 percent over the $116 million USD net income that the Fiat-owned automaker reported for the same quarter in 2011.  Chrysler’s numbers were boosted by a 25 percent revenue increase and a 39 percent vehicle sales increase.  Chrysler also reported free cash flow of $1.7 billion in the first quarter.

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