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Chrysler Group LLC Posts 18% Revenue Growth For Q3


Chrysler Group LLC, a unit of Fiat Chrysler Automobiles NV (NYSE: FCAU), posted an 18 percent increase in third-quarter revenue driven by higher shipments of its Jeep Cherokee and new Chrysler 200 model vehicles.

The Auburn Hills, Michigan-based automaker also reiterated its 2014 outlook calling for adjusted operating profit of $3.7 billion to $4 billion, on revenue of $80 billion.

Third-quarter net income grew 32 percent to $611 million, from $464 million in the same quarter a year ago. Revenue increased to $20.7 billion, from $17.6 billion last year.

Adjusted operating profit rose 10 percent to $946 million, from a year-earlier $862 million. During the recent period, total vehicle sales grew 18 percent to 711,000 units, from 603,000 a year ago.

U.S. market share increased to 12.3 percent for the quarter, up from 11.2 percent a year ago; market share in Canada was 14.9 percent for the quarter, up from 14.3 percent last year.


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