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Chrysler Sales up 68% in 2012

Jan. 30, 2013
Q4 revenue was $17.2 billion.

CHICAGO -- Chrysler turned in another solid quarter at the end of 2012, with net income surging 68% mainly on U.S. sales and more strong growth predicted in 2013, the company said Wednesday.

Total profits for the fourth quarter were $378 million on revenues of $17.2 billion, up from $15.1 billion in the year-earlier quarter, the company reported.

The quarter capped a strong year for the number three U.S. auto maker, in which net income was up more than nine-fold to $1.67 billion on a 19.6 percent gain in revenues, to $65.8 billion.

It forecast global shipments in 2013 of 2.6-2.7 million vehicles, compared to 2.4 million last year, and revenues in a range of $72 billion to $75 billion.

"While we are pleased to have achieved strong financial results in 2012, the enterprise we are crafting is not complete," said Chrysler Group chairman and chief executive Sergio Marchionne.

"The goals we've set for the year ahead reflect a common desire by everyone from leadership to the shop floor to succeed and sustain the power of the house we are building."

Copyright Agence France-Presse, 2013

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