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Former Chrysler reports $479 million of net income for November
By Caroline Salls
Pittsburgh, Jan. 12 - Old Carco LLC, formerly Chrysler LLC, reported $479 million of net income for November on negative $110 million in revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, the company posted a $44 million net loss in October on $1 million in revenues.
The company had $265 million in cash and cash equivalents at Nov. 30, up from $241 million at the end of October.
Chrysler, an Auburn Hills, Mich.-based automotive company, filed for bankruptcy on April 30, 2009. Its Chapter 11 case number is 09-50002.
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