The Detroit-based automaker operated by Fiat SpA continued losing money in 2010, a year after it emerged from a multi-billion dollar government bailout and a trip to bankruptcy court.
Chrysler CEO Sergio Marchionne said 2010's losses had more to do with high interest payments than the company's performance. And indeed, Chrysler announced plans earlier this year to pay performance bonuses to all 53,000 workers for meeting or exceeding performance targets.
In the year ahead, Chrysler is preparing itself for an initial public offering and plans to sell shares to the public in the second half of 2011. Marchionne has said the automaker has been talking to banks including Goldman Sachs Group about such a deal.
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