Skip to main content

Market Overview

Chrysler Group LLC Posts 18% Revenue Growth For Q3

Share:

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.

 

Related Articles (FCAU)

View Comments and Join the Discussion!

Posted-In: Chrysler GroupEarnings News Guidance Intraday Update

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com