--
 
Readers respond to SA's lawless taxis

'Police need to be more visible', 'Where do these guys get their licenses?' Wheels24 readers respond to reckless minibus taxi drivers.

Most targeted cars, bakkies in SA

Crime stats reveal which vehicles are most targeted by criminals in SA. Your car or bakkie could be on the hit-list...

Chrysler boost profits in 2012

2013-01-31 08:27

ONWARDS AND UPWARDS: Chrysler produced some profitable figures from 2012. Impressive coming from a company that was bailed out by the US government in 2008.

CHICAGO, Illinois - Chrysler turned in another solid quarter at the end of 2012 with net income surging 68% but mainly on US sales. More strong growth was predicted in 2013.

Total profits for the fourth quarter were equivalent to about R3.4-billion on revenues of about R155-billion, up from R136-billion in the year-earlier same quarter, the company reported.

BIG BUSINESS

The quarter capped a strong year for the No.3 automaker with net income up more than nine-fold to the equivalent of R15-billion on a 19.6% gain in revenues, to R593-billion.

It forecast global shipments in 2013 of as many as 2.7-million vehicles against 2.4-million in 2012 and revenues in between R649-billion and R676-billion.

Chrysler, majority owned by Italy's Fiat with the company's auto union controlling a large minority share through its pension fund, has sustained a strong recovery from its near collapse and rescue by the US government in 2008.

Chrysler Group chairman and chief executive Sergio Marchionne said: "While we are pleased to have achieved strong financial results in 2012, the enterprise we are crafting is not complete.

"The goals we've set for the year ahead reflect a common desire by everyone from leadership to the shop floor to succeed and sustain the power of the house we are building."

NEXT ON WHEELS24X
Read more on:    profit  |  sales  |  fiat  |  chrysler

Inside Wheels24

Here's how easy it is to hack a car

Car hacking is a phenomenon that's sending chills up motorists' and manufacturers' spines. Check out some of the most hackable vehicles.

There are new stories on the homepage. Click here to see them.