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."
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."