Chrysler Group boosted net income 32% year on year in the third quarter of 2014 to US$611m. Revenue was up 18% to $20.7bn.
Modified operating profit rose 10% to $946m for the quarter.
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Worldwide vehicle shipments rose 18% to 700,000 and sales also rose 18% to 711,000.
US market share was 12.3%, up from 11.2% a year ago; market share in Canada was 14.9%, up from 14.3%.
Full-year 2014 guidance was confirmed.
Adjusted net income for the first nine months of 2014 was $1.7bn, up from $1.2bn in the first nine months of 2013. This excluded unfavorable effects of infrequent items recorded in the first quarter of 2014, related to the company’s prepayment of a note held by the UAW Retiree Medical Benefits Trust (VEBA Trust Note) and a charge for commitments associated with the January memorandum of understanding signed with the UAW. Including the infrequent items, net income for the first nine months of 2014 was $540m.
Net revenue for the first nine months of the year was $60.1bn, up from $50.9bn a year ago.
Modified operating profit for the first nine months of 2014 was $2.5bn, or 4.2% of net revenue, up from $2.1bn in the first nine months of 2013.
