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Chrysler posts 2012 profit

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The Chrysler logo is seen on top of its headquarters in Auburn Hills, Michigan
The Chrysler logo is seen on top of its headquarters in Auburn Hills, Michigan

AUBURN HILLS (WKZO) -- Chrysler Group CEO Sergio Marchionne announced this morning the company earned a profit of 1.7-billion dollars for 2012.

It was the second consecutive year the automaker made a profit since emerging from Chapter 11 bankruptcy approximately three years ago.  Higher U.S. sales of cars and trucks were credited for helping Chrysler beat their own financial forecast by 200-million dollars.

Overall, Chrysler sold more than 2.2-million vehicles worldwide.  The profit means that Chrysler's hourly and salaried workers will receive a performance award or profit sharing check. UAW workers will likely receive a check for 2,250-dollars.

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