Chrysler Group LLCs earnings jumped in the third quarter
thanks mainly to increased vehicle shipments.
The Auburn Heights,
Mich.-based automaker posted net income of $464 million for the
three months ended Sept. 30, up 21.8 percent from $381 million
in the same period last year on a 13.5-percent increase in
sales to more than $17.56 billion.
worldwide vehicle shipments totaled 593,000 in the third
quarter, 6.1 percent higher than 559,000 a year earlier,
putting year-to-date shipments at more than 1.8 million
The automaker expects
full-year worldwide shipments to total 2.6 million vehicles,
generating revenue of $72 billion to $75 billion and net income
of $1.7 billion to $2.2 billion.
year-to-date net income of $1.16 billion, down 10.1 percent
from $1.29 billion in the first nine months of last year
despite a 4.8-percent increase in sales to more than $50.9
parent Fiat SpAs shipments in North America totaled
505,000 vehicles in the third quarter, unchanged from a year