Chrysler’s 2Q net income up 16 percent on US sales
Posted at: 07/30/2013 3:35 AM
(AP) DETROIT - Chrysler Group says its net income rose 16 percent to $507 million in the second quarter on strong U.S. sales of trucks and SUVs.
Chrysler sold 643,000 vehicles worldwide in the April-June period, up 10 percent from a year ago.
Revenue was up 7 percent to $18 billion.
Chrysler’s first-quarter figures suffered because it was slow to release new versions of the Ram pickup and Jeep Grand Cherokee SUV, two of its most popular vehicles. But sales of both vehicles were strong in the second quarter.
U.S. Ram sales rose 30.4 percent over last year as construction companies and other small businesses raced to replace aging trucks. It was the Ram’s best second quarter since 2007.
Grand Cherokee sales soared 27 percent to 47,663.
(Copyright 2013 by The Associated Press. All Rights Reserved.)