Chrysler Q2 profit up 22%

Reported by AAP
Thursday, August 7, 2014
Australian luxury supercars turn headsLocally designed and built GM concept cars have wowed car enthusiasts at the 2015 Detroit Auto Show.

Chrysler Group's second-quarter net profit rose 22 per cent, fuelled by rising sales in the US.

The company on Wednesday reported that it made $US619 million ($A670 million) in the April-through-June quarter, compared with $US507 million a year ago.

Revenue rose 14 per cent to $US20.5 billion.

Chrysler says its worldwide sales grew 12 per cent in the quarter to 723,000 vehicles, with most of the increase in the US Retail sales in the US rose 16 per cent, largely because of gains by the Jeep Grand Cherokee and Ram pickup.

Chrysler's US market share rose almost a full percentage point to 12.1 per cent.

The company raised its full-year forecast for worldwide shipments by 100,000 vehicles.

It now expects to ship about 2.8 million cars and trucks.

28/01/2015 10:00Sydney, Australia. 28 January,2015