Net revenue for the quarter was $15.5 billion, up 18 percent from $13.1 billion a year ago.
Wayne Gerdes - CleanMPG
- Oct. 29, 2012
2013 RAM 1500 – Recently awarded the “Truck of Texas” by the Texas Auto Writers and a shoe in for North American Truck of the Year to be announced at the 2013 NAIS (Detroit Auto Show this January). This profitable truck is only going to help the company’s bottom line going forward.
A domestic that while having a tough go of it the past few years, with limited European exposure, is weathering the storm a lot better than those of us on the upper East coast are experiencing from the ongoing storm of the century called Sandy.
Chrysler’s worldwide vehicle shipments were 559,000 in the quarter, up 19 percent from 469,000 a year ago.
Chrysler earlier today reported preliminary third-quarter financial results, including net income of $381 million, an increase of 80 percent from the same quarter a year ago. The company stated that its continuing sales increases across its lineup including the all-new Dodge Dart is making $’s. For the first nine months of the year, net income totaled $1.3 billion.
Net revenue for the quarter was $15.5 billion, up 18 percent from $13.1 billion in the third quarter of 2011, primarily driven by a 19 percent period-over-period increase in shipments. For the first nine months of the year, the Company recorded net revenue of $48.6 billion, a 22 percent increase from the same period a year ago.
While every single product it offers was just panned for their suspect reliability by Consumer Reports this morning
, Sergio Marchionne, Chrysler Group LLC Chairman and CEO said:
“We’ve revamped our entire product lineup with segment-defining models as the Jeep Grand Cherokee and the Chrysler 300. Critics and consumers already are responding positively to the Dodge Dart and to the 2013 Ram 1500, with its best-in-class fuel economy.”
While not a huge fan of the Dart anymore, it is attractive, roomy, comfortable and feature packed. For an all-new C-segment, it is going to do ok. Just like the all-new RAM 1500, the best LD truck hands down, more sales means more $'s heading to Chrysler looking forward.