Detroit Bureau on Twitter

Posts Tagged ‘chrysler net profit’

Chrysler Earnings Soar Nearly 900%

Only domestic maker to gain market share in 2012.

by on Jan.30, 2013

General Manager Fred Diaz with the Ram 1500 pickup, recently named North American Truck of the Year.

Offering up another sign of its ongoing recovery, Chrysler reported 2012 earnings jump nearly nine-fold, to $1.66 billion, while the maker’s fourth-quarter profit was up 68%, to $378 million.

The news reflects a sharp increase in sales and revenues – Chrysler being the only one of Detroit’s Big Three automakers to gain market share in 2012.

“We pause for a moment to enjoy our accomplishments, but we will not stop,” Sergio Marchionne, CEO of both Chrysler and its Italian alliance partner Fiat, said in a statement.

Come Along for the Ride!

Marchionne pointed to soaring demand for key products such as the Jeep Grand Cherokee and the new 2013 Ram 1500, the pickup getting another boost earlier this month when it was named North American Truck of the Year by a jury of 49 U.S. and Canadian journalists.

(more…)

Chrysler Q3 Earnings Surge 80%

“We’ve changed the conversation,” says CEO Marchionne.

by on Oct.29, 2012

Strong demand for the new Dodge Dart helped drive up Chrysler sales and earnings.

Buoyed by the largest sales increase among all domestic makers, Chrysler saw its earnings surge by 80% during the third quarter, while revenues gained 18%.

The U.S. maker – which is partnered with Italy’s Fiat SpA – has scored the biggest sales gains of any of the Detroit Big Three this year, the increase in demand lagging only key Japanese makers Toyota and Honda which have been recovering from last year’s serious inventory shortages caused by Japan’s March 2011 earthquake and tsunami.

Be in the Know!

“We’ve changed the conversation at Chrysler Group,” said Sergio Marchionne, who serves as CEO of both Chrysler and Fiat, the Italian maker now holding a majority stake in its U.S. ally.

Chrysler’s July – September earnings shot to $381 million from $212 million a year ago.  Sales and other revenues rose to $15.5 billion from a year ago.

(more…)