CHICAGO Chrysler Group
LLCs net income soared to nearly $1.67 billion last year
from $183 million in 2011, driven by a 19.6-percent increase in
revenue to more than $65.78 billion on an 18-percent increase
in global vehicle shipments.
Net income for the three months
ended Dec. 31 jumped 68 percent to $378 million from $225
million in the same period a year earlier on a 13.4-percent
increase in revenue to more than $17.15 billion.
Auburn Hills, Mich.-based
Chrysler sold about 2.2 million vehicles worldwide last year,
up from just below 1.9 million in 2011. Sales in the United
States jumped 20.4 percent to more than 1.65 million vehicles
(an 11.2-percent market share) from 1.37 million (a
10.5-percent share) in 2011. Average transaction prices
remained steady despite a 6.6-percent rise in average sales
Chrysler built 2.4 million
passenger cars and trucks in North America last year, up 18.8
percent from just under 2 million vehicles in 2011.
The company estimates 2013 will
see total U.S. industry sales of about 15.5 million passenger
cars and light trucks, with 2014 moving up to 15.7 million
vehicles. Chrysler plans to ship between 2.6 million and 2.7
million vehicles worldwide this year, and up to 2.8 million in
2014. Some of those shipments reflect contract manufacturing,
which is separate from retail sales.