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Chrysler Reports Q3 Net Income of $464 Million

Chrysler's Detroit headquarters 1 photo
Photo: Chrysler
Chrysler Group has just announced a 2013 third-quarter net income of $464 (€337) million, which means an increase of 22 percent from $381 (€276) million a year ago, adding that net revenue jumped 13.5 percent to $17.6 (€12.8) billion.
At the same time, the Detroit-based company posted a net income for the first three quarters of 2013 of $1.1 billion (€800 million). Worldwide vehicle sales for the third quarter were 603,000, up eight percent over the same period last year. On the other hand, US market shares dropped slightly from 11.3 percent in Q3 2012 to 11.2 percent last quarter.

"Chrysler Group's ninth consecutive quarter of positive net income highlights our commitment to producing award-winning vehicles for consumers, such as the Jeep Grand Cherokee and the Ram 1500," Chrysler Group LLC Chairman and CEO Sergio Marchionne said. "We also are pleased to introduce the already award-winning Jeep Cherokee to the lineup, as it launches into the largest SUV segment in the United States."

Scroll below to have a look at Chrysler’s full press blast.
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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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