Chrysler Quarterly Net Income Rises 80% on Demand for 200 Sedan
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Chrysler Group LLC, boosted by demand for 200 sedans and Jeep Grand Cherokee sport-utility vehicles, said its third-quarter net income rose 80 percent to $381 million from a year earlier.
Revenue for the quarter increased 18 percent to $15.5 billion, the Auburn Hills, Michigan-based automaker said in a statement yesterday. Adjusted operating profit rose 46 percent to $706 million. Fiat SpA, Chrysler’s majority owner, is on pace to lose 700 million euros ($903 million) this year in Europe and is scheduled to report its results separately today.