/ 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!

Boss plays down ‘naughty’ Rosberg-Hamilton move
Boss plays down ‘naughty’ Rosberg-Hamilton moveMar.28 (GMM/Inautonews.com) Toto Wolff on Saturday played down suggestions the tension between Mercedes' drivers could be set to ...
Hamilton asked FIA to explain Alonso crash – report
Hamilton asked FIA to explain Alonso crash – reportMar.28 (GMM/Inautonews.com) Lewis Hamilton played an unusually forceful role earlier this weekend in the drivers' FIA briefing, ...
Alonso upbeat despite Ferrari resurgence
Alonso upbeat despite Ferrari resurgenceMar.28 (GMM/Inautonews.com) McLaren-Honda's all-champion driver lineup is putting a brave face on its situation. As in ...
‘No change’ after Pirelli’s China buyout – Hembery
‘No change’ after Pirelli’s China buyout – HemberyMar.28 (GMM/Inautonews.com) Pirelli's F1 project is "business as usual" despite the EUR 7 billion takeover of the historic ...
Malaysia not ruling out night race
Malaysia not ruling out night raceMar.28 (GMM/Inautonews.com) Malaysia is looking into switching to a night race format in the future. Organisers of the now ...
Schumacher’s stepbrother on Germanwings passenger list
Schumacher’s stepbrother on Germanwings passenger listMar.28 (GMM/Inautonews.com) Michael Schumacher's step-brother was on the passenger list of the ill-fated Germanwings flight, it ...
Ferrari adds EUR 100m to F1 budget – report
Ferrari adds EUR 100m to F1 budget – reportMar.28 (GMM/Inautonews.com) Ferrari is closing the gap to dominant Mercedes in more ways than one, according to reports. The ...
Alonso role meant no Indycar for Magnussen
Alonso role meant no Indycar for MagnussenMar.28 (GMM/Inautonews.com) Kevin Magnussen has admitted he let an opportunity to race in Indycar this year slide when Fernando ...
Next hurdle for Manor is 107pc qualifying rule
Next hurdle for Manor is 107pc qualifying ruleMar.28 (GMM/Inautonews.com) After the silence of Melbourne, Manor finally got its engines running in Malaysia. The resurrected ...
CVC would sell F1 to Red Bull – Ecclestone
CVC would sell F1 to Red Bull – EcclestoneMar.28 (GMM/Inautonews.com) Bernie Ecclestone has welcomed reports Red Bull might be looking at buying formula one. Some ...
Susie Wolff ‘disappointed’ with Sutil appointment
Susie Wolff ‘disappointed’ with Sutil appointmentMar.28 (GMM/Inautonews.com) Susie Wolff has admitted she is surprised and disappointed with Williams' latest signing. Given ...
Manipulating excitement would kill F1 – Lauda
Manipulating excitement would kill F1 – LaudaMar.28 (GMM/Inautonews.com) Niki Lauda says Mercedes is staying out of the political debate surrounding the team's ongoing ...
Sutil’s legal issues with Sauber ‘not resolved’ – manager
Sutil’s legal issues with Sauber ‘not resolved’ – managerMar.28 (GMM/Inautonews.com) Adrian Sutil's legal dispute with Sauber is still ongoing. Late last year, although both the German ...
Hockenheim warns Ecclestone of contract ‘consequences’
Hockenheim warns Ecclestone of contract ‘consequences’Mar.28 (GMM/Inautonews.com) Hockenheim has hit back at Bernie Ecclestone's suggestion that Germany might not return to the F1 ...
Ecclestone lets frustration show in Malaysia
Ecclestone lets frustration show in MalaysiaMar.27 (GMM/Inautonews.com) Bernie Ecclestone cut a frustrated figure on Friday. Speaking to reporters in Malaysia, the F1 ...
Read more automotive news


2015 Geneva Motor Show Coverage

bmw x5 xdrive40e shanghai motor show 1
BMW_M135i_3dr
Mercedes-Benz C-Class Estate AMG Line by Brabus tuning 1
2015 Dodge Durango RT 1
2016 Buick Enclave Tuscan Edition 1
2016 kia optima 1
Mitsubishi ASX 2,2 Diesel AT Instyle 4WD 01
BMW 2-Series Active Tourer 218d 01
Alpina B5 Bi-Turbo and B6 Bi-Turbo Edition 50 1
lamborghini-aventador-crash-china-11
2015 toyota rav4 hybrid 1
30-jahre-m5-for-sale-4-1050x788

More automotive from inautonews
BMW is getting ready to officially present the new X5 xDrive40e during the 2015 Shanghai Motor Show, next month. The BMW X5 plug-in hybrid, or the xDrive40e as it has been officially named, will be officially introduced at the 2015 Shanghai Motor Show, next month, and the images posted below stand ...
read more
Inautonews Editors Section
Test Drive – Mitsubishi ASX 2.2 Diesel AT Instyle 4WD
Test Drive – Mitsubishi ASX 2.2 Diesel AT Instyle 4WD The Mitsubishi ASX can be called just about anything except for “new” and this is the word we are looking for because the company seems to have ...
Test Drive – BMW 2-Series Active Tourer 218d
Test Drive – BMW 2-Series Active Tourer 218dIn an attempt to keep production costs low and to go ahead with its times, the 2-Series Active Tourer is the first vehicle made by BMW with a ...
Test Drive: BMW 225i Active Tourer
Test Drive: BMW 225i Active TourerOne word of advice from the very beginning – if you’re a BMW purist that believes the blue-white logo has nothing in common with front wheel ...

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 Recall roundup: Mercedes-Benz cars in two separate campaignsMercedes-Benz has recently issued two separate recall campaigns which are covering a total of ... Recall roundup: Three separate campaigns announced by FordFord has issued three separate recall campaigns which are affecting approximately 220,000 vehicles ...
Safety Section