Chrysler Group Announces 2012 Net Income of $1.7 Billion
Jan. 30, 2013—The Chrysler Group LLC reported today a preliminary net income of $1.7 billion for the full-year 2012.
The net income for 2012 improved more than eight-fold from a net income of $183 million a year ago.
"While we are pleased to have achieved strong financial results in 2012, the enterprise we are crafting is not complete," said Sergio Marchionne, Chrysler Group LLC chairman and CEO. "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.
The Modified Operating Profit was $2.9 billion for the year, up 47 percent from $2 billion reported in the prior year. The increase resulted from continuing strong sales and pricing, partially offset by an increase in the number of sales from passenger cars.
Finally, worldwide vehicle shipments for the year were 2.4 million, achieving the company’s full-year target. The year-end total marked an increase of 20 percent from year-end 2011, when the Company shipped 2 million vehicles.