Chrysler’s Q2 net income up 16%



CHRYSLER Group says its net income rose 16 per cent to $US507 million ($A553.71 million) in the second quarter on strong US sales of trucks and SUVs.


Chrysler sold 643,000 vehicles worldwide in the April-June period, up 10 per cent from a year ago.

Revenue was up 7 per cent to $US18 billion.

Chrysler’s first-quarter figures suffered because it was slow to release new versions of the Ram pickup and Jeep Grand Cherokee SUV, two of its most popular vehicles. But sales of both vehicles were strong in the second quarter.

US Ram sales rose 30.4 per cent over last year as construction companies and other small businesses raced to replace aging trucks. It was the Ram’s best second quarter since 2007.

Grand Cherokee sales soared 27 per cent to 47,663.


Source Article from http://news.com.au.feedsportal.com/c/34564/f/632570/s/2f57b4e5/sc/46/l/0L0Snews0N0Bau0Cbusiness0Cbreaking0Enews0Cchryslers0Eq20Enet0Eincome0Eup0E160Cstory0Ee6frfkur0E12266884123340Dfrom0Fpublic0Irss/story01.htm

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