/ Chrysler, Industry, News / Chrysler sees 22% lift on quarterly profit

Chrysler sees 22% lift on quarterly profit

Linked In Share
Chrysler sees 22% lift on quarterly profit

The third biggest US automaker, on a sales spree each and every month, has naturally moved to report its net income for the second quarter reached $619 million, buoyed by truck and SUV demand.

Chrysler Group LLC, now a unit of the recently formed Fiat Chrysler Automobiles and under Fiat SpA control, has recorded a positive outcome for 11 of the last 12 quarters. The automaker had in the second quarter a growing revenue of $20.5 billion (up 14%), together with an operating profit rise of 22% to $985 million.

“When supply is as tight as it is now, we need to be very careful that we don’t sacrifice margins,” said CEO Sergio Marchionne about “unfilled demand” for Jeep sport-utility vehicles in the US. “We’ve started looking at alternatives on a global scale.”

Chrysler’s US sales, where deliveries are highly profitable, jumped in July 20% to 167,667 units, with the Jeep brand climbing an astonishing 41%. Last month was the 52nd straight month of year-on-year growth in the US, as the company has seen incredible demand for the Jeep SUV and Ram truck brands.

Fiat, which gained full control over Chrysler in 2014, will move to establish Fiat Chrysler Automobiles, a company registered in the Netherlands and with a fiscal home in the United Kingdom. FCA’s main share listing will be in New York since October, with a second one remaining in Milan, Italy.

Via Bloomberg

 

by Aurel Niculescu (my Google+) - Thursday, August 7th, 2014 - filed under Chrysler, Industry, News. Image credit: .
Linked In Share
Related Articles
rise second quarter profit SU


Discuss: Chrysler sees 22% lift on quarterly profit

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Citroen decides not to bring crossover in booming European market
Citroen decides not to bring crossover in booming European marketAlthough PSA Peugeot Citroen is the second-largest European automaker, you might have no idea that Citroen has a new crossover in ...
Report – Takata officials under investigation by US prosecutors
Report – Takata officials under investigation by US prosecutorsAccording to a report coming from The Wall Street Journal, the federal prosecutors have opened a probe to see whether Japanese ...
Haas not worried about Ecclestone comments
Haas not worried about Ecclestone commentsOct.23 (GMM/Inautonews.com) Gene Haas has played down suggestions Bernie Ecclestone could freeze him out of F1 long before his ...
Grosjean hints at Lotus stay for 2015
Grosjean hints at Lotus stay for 2015Oct.23 (GMM/Inautonews.com) Romain Grosjean appears set to remain at Lotus in 2015. Although the French driver has been leaving ...
No Barrichello in Austin
No Barrichello in AustinOct.23 (GMM/Inautonews.com) A familiar face will be missing in action when the F1 circus reconvenes in Austin next ...
Bianchi’s recovery chances ‘very small’ – Burti
Bianchi’s recovery chances ‘very small’ – BurtiOct.23 (GMM/Inautonews.com) Luciano Burti, a former F1 driver and full-time pundit for Brazil's Globo, has bad news about the ...
Berger rumours return to F1 headlines
Berger rumours return to F1 headlinesOct.23 (GMM/Inautonews.com) Rumours linking Gerhard Berger with a return to the F1 paddock have resurfaced. Earlier, McLaren ...
F1 world still guessing on Alonso’s next move
F1 world still guessing on Alonso’s next moveOct.23 (GMM/Inautonews.com) Yet another week in F1 history is passing by with little more known about the future of arguably the ...
Barcelona ‘calm’ amid Madrid race reports
Barcelona ‘calm’ amid Madrid race reportsOct.23 (GMM/Inautonews.com) Spanish grand prix boss Salvador Servia insists reports the capital Madrid is bidding to join the F1 ...
Rosberg appoints himself ‘title hunter’
Rosberg appoints himself ‘title hunter’Oct.23 (GMM/Inautonews.com) Nico Rosberg has admitted he will think more about his own interests now after Mercedes wrapped up ...
McLaren denies more bosses to follow Sam Michael exit
McLaren denies more bosses to follow Sam Michael exitOct.23 (GMM/Inautonews.com) McLaren has denied it is set to lose more key team figures ahead of the looming Honda era. The ...
Caterham collapse ‘better’ for F1 – Ecclestone
Caterham collapse ‘better’ for F1 – EcclestoneOct.23 (GMM/Inautonews.com) Caterham is on the brink of collapse, as the backmarker team loses even the support of F1 supremo ...
First Koenigsegg One:1 registered in Germany, power leads to computer glitch
First Koenigsegg One:1 registered in Germany, power leads to computer glitchThe first ever production version of the Koenigsegg One:1 has been recently registered in Germany. The world’s first megacar ...
Next-gen Audi A8 to be the company’s first autonomous vehicle
Next-gen Audi A8 to be the company’s first autonomous vehicleThe German based automaker Audi will soon introduce its first ever production autonomous car, in the shape of the next generation ...
Honda to pull the plug on the Euro-spec Accord in 2015
Honda to pull the plug on the Euro-spec Accord in 2015The Euro-spec Honda Accord will be discontinued next year as the company has recently announced. One of the most popular ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

lamborghini reventon for sale 1
jlr china plant 1
Chevrolet Colorado Sport concept
2015 porsche cayenne tuning topcar 1
chevrolet chevelle ringbrothers sema motor show 2014 1
renault sport r.s. 01 1
Mercedes-Benz S65 AMG tuning voltage design 1
2015 Porsche 911 GT3 RS 1
Spy-Shots of Cars
Spy-Shots of Cars
2015 ford f-150 customized sema motor show 1
2016 honda hr-v us spec 1

More automotive from inautonews
Although PSA Peugeot Citroen is the second-largest European automaker, you might have no idea that Citroen has a new crossover in the subcompact segment – the C3-XR. That’s because the French automaker decided to focus on the Chinese market alone and has ruled out any possibility of the model ...
read more
Inautonews Editors Section
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive Citroen has introduced the second generation of the C-Elysee last year. The model is smaller than the C4 and it is based on the Peugeot 301, being ...
Test Drive: BMW X4 xDrive30d
Test Drive: BMW X4 xDrive30d The newest crossover to make its way into BMW’s lineup is the X4. This is based on the X3 and it is basically a smaller version of the X6, aimed ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Report – Takata officials under investigation by US prosecutorsAccording to a report coming from The Wall Street Journal, the federal prosecutors have opened a ... Recall roundup: 1.14 million Volkswagen carsThe German based automaker Volkswagen has recently issued a recall for 1.14 million cars in China ...
Safety Section