Chrysler Reports Production Up 13% in April image

Chrysler announced that production in April rebounded accounting for the automaker’s first monthly increase since November.

Chrysler’s output in North America increased 13% to 216, 758 vehicles compared with 192,491 vehicles during the same period last year. Production last year reached the highest level since August when Chrysler manufactured 220,101 vehicles.

Chrysler and Fiat CEO Sergio Marchionne relies on the US automaker’s 37 straight monthly gains in the US to offset Fiat’s loss in Europe. The increase in production is expected to help the automaker rebound from the 65% loss reported during the first quarter, caused by spending for the introduction of the Jeep Grand Cherokee and Compass SUVs and the new Ram Heavy Duty truck.

“The best way to look at this is a one-time event, it’s a one-off; just close your eyes, plug your nose and move it on from here,” Marchionne told analysts on an April 29 conference call.

Chrysler reported sales in the US last month up 11%, surpassing the analysts’ prediction of 10% increase. The company’s share of the US market has risen for three consecutive years to 11.4% last year, according to Autodata Corp. Net income during the first quarter dropped to $166 million from $473 million in 2012.

Source: Bloomberg