Chrysler’s first-quarter net income shrinks

Apr 29, 2013 | 06:04 PM | Corinna Petry

Tags  Chrysler, earnings report, Jeep, Ram truck, Sergio Marchionne, new model launches, corinna petry

CHICAGO — Chrysler Group LLC’s first-quarter net income tumbled 64.9 percent from the same period last year, which the automaker blamed on reduced vehicle shipments because of key product launches.

Auburn Hills, Mich.-based Chrysler posted net income of $166 million for the three months ended March 31 vs. $473 million a year earlier on revenue that fell 6 percent to $15.39 billion.....

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