Chrysler opens with strong first-quarter results

Chrysler has been on the road to recovery since being bought out by Italy’s Fiat in January.

The company’s first-quarter results showed a profit of $473-million (U.S.), as sales rose 25 per cent to $16.5-billion.

Chrysler’s forecast net income will rise to about $1.5-billion.

U.S. deliveries of passenger cars surged to 89 per cent.

The 200 to 300 sedans provided the largest gains.

At the beginning 2012, Fiat boosted ownership stake to 58.5 per cent in Chrysler.

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