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Chrysler financial losses in the profits into account in the IPO Malchow





Former United States Government automobile industry leading group leaders to Steve Ratner ・ (Steven Rattner) yesterday in media interviews, General Motors and Chrysler operational performance exceeds the expected a year ago.

At two major car company of Detroit Chapter 11 bankruptcy protection on the anniversary, Ratner of this position helps to calm the markets for General Motors and Chrysler to obtain government assistance of discontent. United States Government to impose two large companies, generally after emergency aid believes will be the point of "drawing water sieve".

Ratner on July 13, outgoing head of the automotive industry leadership teams from Office, by Ron ・ Bloom took over. Ratner tenure, confirmed to General Motors and Chrysler total 620 million blood transfusion programmes, such as counting parts industry rescue measures, the United States to save the auto industry has spent nearly $ 100 billion.

Yesterday, Ratner also expressed the General company announced later this month for the first quarter revenue, Universal's quarterly profit is possible, this will be Ford and Chrysler, finally a quarterly profit of Detroit Cheqi. The fourth quarter of 2009, the General Motors red 34 billion.

Universal next week published its first quarter of the financial situation of the Ratner, "and" profit expected will not comment on common aspects. The Government is currently in new GM holds 61% of the equity interest as a capital contribution of $ 50 billion. Ratner said that General Motors at the end of this year, the Government is expected after the IPO recycle one of 400 million u.s. dollars.

This is common for persons other than the first mentioned company IPO's schedule, "may" could not recall of 100 million government investment, Ratner said: "we spent about $ 1 billion, to avoid the economic and humanitarian disaster. ”

Similarly yesterday, -Chrysler Fiat CEO Malchow also announced on the outside of the Chrysler operations, first quarter profit 1.43 billion. The "2010 the remainder of the Board of Directors of the company will pay close attention to this matter. We currently have, and the timetable for IPO will surpass most people expected. ”

This is reorganized, Malchow was first mentioned in the IPO. For a good sales performance, Malchow said, operating profit due to several reasons: to strictly control the price, flexible inventory management and a powerful new product's release schedule.

Malchow, expected by the end of 2010 in the United States automobile sales will reach 12 million units, this situation will effectively help warm up Chrysler.

Automotive News data center data indicate that, in the first quarter of this year, the United States share a Chrysler 8.7% in March 2009 is 11.8%. In fact, including the company, , generic, Toyota Honda , market share both in by Ford, , Nissan modern manufacturers gradually eroded.