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Automated System
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Chrysler Group reported second-quarter net income of $507 million, up 16% from $436 million in same period last year. This is the eighth consecutive quarter of positive net income. Q2 net revenue was $18.0 billion, up 7% from $16.8 billion in Q2/2012. The growth came primarily from an increase in vehicle shipments. Net revenue for the first half of 2013 totaled $33.4 billion. "Chrysler Group is poised for a very strong performance in the second half of the year, with the new Jeep Grand Cherokee and Ram 1500 pickup earning best-in-class recognition, and the all-new Jeep Cherokee now rolling off the line,” Chrysler Group CEO Sergio Marchionne said. “As we have highlighted previously, the timing of product launches and capacity increases causes this year’s performance to be biased to the second half, and a continued aggressive drive for excellence and flawless execution will be essential to attain the targets we’ve..

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