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Chrysler Reports 2013 Net Income of $2.8 Billion

2014 Jeep Grand Cherokee 1 photo
Photo: Jeep
The Chrysler Group reported a full-year net income of $2.8 billion for 2013, including a $962 million non-cash tax benefit, and an adjusted net income of $1.8 billion, meaning a 9 percent increase from $1.7 billion in 2012.
Net revenue for the year was $72 billion, up 10 percent from a year ago, while fourth-quarter net revenue of $21 billion was up 24 percent compared to the previous year, the company revealed yesterday. Net revenue growth was primarily driven by an increase in vehicle shipments, including Jeep Grand Cherokee, the all-new 2014 Cherokee and Ram pickup trucks, Chrysler added.

“The 2013 year-end financial results reflect the commitment Chrysler Group has made to rapidly refresh our product lineup with vehicles that achieve exacting performance standards,” Chrysler Group LLC chairman and CEO Sergio Marchionne said in a statement.

For more details you can have a look at the official press release below.
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Press Release
About the author: Ciprian Florea
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Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
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