U.S. auto giant Chrysler reported strong growth in
sales and profits Monday as it continued its revival following a 2009
government bailout.
The Fiat subsidiary said that its sales jumped in the second
quarter by 23 per cent to 16.8 billion dollars (13.7 billion euros),
compared to the same period last year, while profits reached 436
million dollars compared to a loss of 370 million dollars a year ago.
The company said that it sold 582,000 vehicles in the quarter, an
increase of 20 per cent, while its US market share rose to 11.2 per
cent from 10.6 per cent a year ago.
For the full fiscal year 2012 Chrysler said it plans to ship 2.3
to 2.4 million cars to generate a turnover of around 65 billion
dollars, an increase of 18 percent over 2011. Predicted net income is
1.5 billion dollars.
