Chrysler Group LLC posted a net profit of $473 million for the first three months of 2012 Thursday — more than four times as much as the company made during the same period a year ago.
Net revenue for January, February and March was up 25 percent to $16.4 billion as Chrysler's global sales increased 33 percent to 523,000 units and it gained two whole points of share in the critical U.S. market.
"Another positive quarter — built on sales gains that have surpassed the industry average — is affirmation that the Chrysler team is maintaining its focus," said Fiat-Chrysler CEO Sergio Marchionne. "We continue to deliver on the targets in our five-year plan and are now focused on successfully launching the Dodge Dart, a car that is a true melding of Chrysler's and Fiat's engineering and styling strengths."Read Article