One year ago, Chrysler Group LLC turned a net income of $116 million. Impressive as that may be, the first quarter of 2011 was right at the cusp of the brand’s “rebirth” which is now, almost fully implemented. Proof of this can simply be found in the pudding as at the end of the first quarter of 2012, the other member of the Big Three has more than quadrupled its success.
A big part of net income is net revenue which, for Chrysler, was an impressive $16.4 billion for the first quarter. That figure is up 25 percent from 2011 and played a major role in earning the automaker a total net income of $473 million. Even though the brand now has a market hold on an even larger global scale, North American sales seemed to have increased the most. Not only was Chrysler the quarterly leader in Canada, but U.S. sales jumped up 40 percent. Despite the positive note, the Mopar driven automaker isn’t resting easy as they look forward to even more models soon to come.
“We continue to deliver on the targets in our five-year plan and are now focused on successfully launching the Dodge Dart, a car that is a true melding of Chrysler’s and Fiat’s engineering and styling strengths,” said Sergio Marchionne, CEO of Chrysler Group LLC.
Source: Chrysler
