Chrysler has booked fully year operating profit for 2012 up 47% to US$2.9bn. Net income was up over eight times to $1.7bn on revenue up 20% to $65.8bn.
Fourth-quarter revenue was up 13% to $17.2bn and operating profit was up 40% to $711m. Net income rose 68% to $378m.
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Chrysler said strong sales and pricing were behind the increase but this was offset by a higher proportion of sales of less profitable cars at the expense of trucks and SUVs and higher R&D and advertising costs.
Worldwide vehicle shipments were 2.4m for the year, up 20%; fourth-quarter shipments were 613,000.
Global vehicle sales in 2012 rose 18% to 2.2m; fourth-quarter sales were 533,000.
“While we are pleased to have achieved strong financial results in 2012, the enterprise we are crafting is not complete,” chairman and CEO Sergio Marchionne said.
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