Chrysler Group Did Well in 4th Quarter

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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.

 

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