MICHIGAN (AP) -- Chrysler continues to see improvement, as the company significantly narrowed its fourth-quarter net loss.
Chrysler reports that it lost $199 million from October through December of 2010.
In comparison, it lost $2.7 billion in the same quarter of 2009.
The U.S. government gave Chrysler $12.5 billion to get through bankruptcy in 2009. The auto giant still owes $5.8 billion on the loans. The government hopes to get the rest back in a stock sale that could take place later this year.
However, Chrysler needs two profitable quarters before its stock can be sold to the public.
The company expects a net profit of up to $500 million for this year.
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