Chrysler Group LLC announced today that it earned a net income of $436 million in the second-quarter. The Auburn Hills automaker reported an $806 million improvement from the $370 million net loss in the same quarter last year, which had included a $551 million charge related to repayment of its government loans.
Net revenue for the quarter was $16.8 billion, up 23 percent from $13.7 billion a year ago.
“Our results reflect a tireless pursuit by the people of Chrysler Group to deliver the very best quality and value across our brands,” said Sergio Marchionne, Chrysler Group LLC Chairman and Chief Executive Officer. “Together, we are always striving to achieve more, to learn from the past and build upon our successes. Nowhere is our dedication more evident than in the all-new Dodge Dart, with up to 41 mpg highway and levels of customization not typically found in the compact car segment.”
For the first six months, the Company recorded net income of $909 million on revenue of $33.2 billion.
– By: Omar Rana