News In Brief

Chrysler reports surge in 1st-quarter profits

The Chrysler Corporation said Wednesday it earned $705.8 million in the first quarter of 1984, which is more than the company has made in any full year in its history.

The earnings, equivalent to $5.64 per share of common stock, came on a 58 percent increase in sales, from $3.1 billion to a record $4.9 billion, Chrysler said in a statement.

''This is the payoff,'' Chrysler chairman Lee Iacocca said in a statement.

''The cost cutting, the productivity improvements, and, most important, the innovative new products have resulted in the best financial quarter in Chrysler's history.''

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...