UPDATE 3-Chrysler projects profitable 2011 ahead of IPO


* Chrysler sees 2011 net income between $200 mln-$500 mln * Sees 2011 operating profit of $2 billion * Q4 Oper profit of $198 mln excluding interest expenses (Recasts; Adds details on year-ago comparisons, CEO quote, analyst quote, byline) By Deepa Seetharaman DETROIT, Jan 31 (Reuters) - Chrysler Group LLC forecast a profit for 2011 ahead of an initial public offering set for thesecond half of the year, and the launch of new vehicle models intended to spur its recovery. Chief ...

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