DETROIT -- Chrysler Group reported net income of $378 million in the fourth quarter as a yearlong string of U.S. sales gains led the automaker to its second consecutive annual profit.
The fourth-quarter profit was up 68 percent from the $225 million profit it posted during the same quarter of 2011, Chrysler said in a report today.
For all of 2012, Chrysler earned $1.7 billion, nine times the company's $183 million profit for 2011, when it repaid the U.S. government loans from its 2009 bankruptcy.
Chrysler was the only domestic automaker to gain market share in the United States in 2012, moving up to 11.4 percent on U.S. sales of 1.65 million vehicles. The automaker's U.S. sales rose 21 percent last year, primarily on the strength of its car lineup. The overall U.S. market gained 13 percent.
Globally, Chrysler said it delivered just over 2.4 million vehicles in 2012, including vehicles it makes for other automakers, such as parent company Fiat SpA. Chrysler said it had sales of 613,000 units during the fourth quarter, up 13 percent from the same period a year ago.
Read more: http://www.autonews.com/article/20130130/OEM/130139996#ixzz2JSs5sN24
The fourth-quarter profit was up 68 percent from the $225 million profit it posted during the same quarter of 2011, Chrysler said in a report today.
For all of 2012, Chrysler earned $1.7 billion, nine times the company's $183 million profit for 2011, when it repaid the U.S. government loans from its 2009 bankruptcy.
Chrysler was the only domestic automaker to gain market share in the United States in 2012, moving up to 11.4 percent on U.S. sales of 1.65 million vehicles. The automaker's U.S. sales rose 21 percent last year, primarily on the strength of its car lineup. The overall U.S. market gained 13 percent.
Globally, Chrysler said it delivered just over 2.4 million vehicles in 2012, including vehicles it makes for other automakers, such as parent company Fiat SpA. Chrysler said it had sales of 613,000 units during the fourth quarter, up 13 percent from the same period a year ago.
Read more: http://www.autonews.com/article/20130130/OEM/130139996#ixzz2JSs5sN24
