Chrysler reports third-quarter income image

Chrysler Group LLC has said today in a statement that its preliminary third-quarter 2013 financial results rose 22%,reaching a net income of $464 million, a definite increase from the $381 million made in the same quarter a year earlier.

The third quarter also sees the company’s tally reaching nine consecutive quarters of positive net income. Net income for the first nine months of 2013 exceeded more than $1.1 billion. Also, the modified operating profit for the quarter was $862 Million, up from $706 million a year ago.

“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.”

Net revenue was $17.6 billion for the third quarter of 2013, up 13.5 % from $15.5 billion for the same period last year, primarily driven by an increase in vehicle shipments, including the Jeep Grand Cherokee and Ram pickup trucks. Net revenue totaled $50.9 billion for the first nine months of 2013.