Chrysler reports $3.8B loss after emerging from bankruptcy in June

Chrysler reports $3.8B loss after emerging from bankruptcy in June: "After emerging from bankruptcy last June, Chrysler reported Wednesday that it lost $3.8 billion through the end of the year but it expects its operations to break even in 2010.

The announcement came in the fullest report of Chrysler's financial standing since the U.S. automaker exited bankruptcy, helped by taxpayer-funded aid from the United States and Canadian governments. As part of the bankruptcy proceedings in June, the Italian automaker Fiat took over management of Chrysler.

For the first quarter of 2009, the company reported a net loss of $197 million, suggesting that it has largely curtailed its losses from last year. The automaker highlighted figures showing that the core of its business, the selling of cars and trucks, is sound. It had an operating profit of $143 million in the first quarter -- a significant improvement over the end of 2009, when it lost $267 million on its operations."