Chrysler Group Did Well in 4th Quarter


Bloomberg News - January 30, 2013

Chrysler Group LLC said fourth-quarter 2012 net income rose 68 per­cent to $378 mil­lion, along with a hefty rise in full-year prof­its from a year earlier.

Get the facts and fig­ures, plus what helped boost the automaker.

Chrysler Group LLC, boosted by demand for Ram trucks, said fourth-quarter net income rose 68 per­cent to $378 mil­lion from a year earlier.

Rev­enue for the quar­ter increased 13 per­cent to $17.2 bil­lion, the Auburn Hills, Michigan-based automaker said in a state­ment today. Adjusted oper­at­ing profit rose 40 per­cent to $711 mil­lion. Full-year net income rose to $1.67 bil­lion from $183 million.

Chrysler fore­cast 2013 net income of about $2.2 bil­lion, with rev­enue increas­ing to $72 bil­lion to $75 bil­lion. The com­pany also fore­cast mod­i­fied oper­at­ing profit of about $3.8 billion.