Chrysler's 2Q net income up 16 percent on US sales

DETROIT (AP) - Chrysler Group says its net income rose 16 percent to $507 million in the second quarter on strong U.S. sales of trucks and SUVs.

Chrysler sold 643,000 vehicles worldwide in the April-June period, up 10 percent from a year ago.

Revenue was up 7 percent to $18 billion.

Chrysler's first-quarter figures suffered because it was slow to release new versions of the Ram pickup and Jeep Grand Cherokee SUV, two of its most popular vehicles. But sales of both vehicles were strong in the second quarter.

U.S. Ram sales rose 30.4 percent over last year as construction companies and other small businesses raced to replace aging trucks. It was the Ram's best second quarter since 2007.

Grand Cherokee sales soared 27 percent to 47,663.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • More Progress, Worse Traffic
    SR 99 closure to cause big Seattle backups for next 4 days

  • Black Market
    Despite legalization, 'business is good' for Seattle's illegal pot dealers

  • Mourning Trees
    Chiara D'Angelo spent her day mourning the loss of over 800 trees on Bainbridge Island
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.