Chrysler's 2Q net income up 16 percent on US salesJuly 30, 2013 @ 2:27 am
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 This material may not be published, broadcast, rewritten or redistributed.)
A fundraiser is born to move Councilmember Kshama Sawant to a Socialist country
Jason Rantz pokes holes in driver's discrimination claim against Uber
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.