Chrysler Group posts $473 million profit in 2012 Q1
The massive influx of new and redesigned models to the
various Chrysler Group brands over the past year have allowed the smallest of
the Detroit Big 3 automakers to routinely lead the American auto industry in
growth. As the financial results for the
first quarter of 2012 have been tabulated, the impact of these incredible
current Chrysler Group lineup is evident as the company posted $473 million in
profit through the first three months of the year.
For comparison, the Chrysler Group showed a profit of $116
million through the first quarter of 2011 so for 2012, the company is rolling
along at a pace more than four times better than one year ago. This net profit was gained thanks to a 25%
increase in revenue with $16.4 billion pulled in during January, February and March.
Chrysler shipped 607,000 units to markets around the world
during 2012 Q1 (up 25% compared to Q1 2011) and sold 523,000 vehicles (up 33%),
with the difference between vehicles shipped and vehicles being sold coming due
to the vehicles that the Chrysler Group produces and ships for other
automakers. Vehicles like the Fiat
Freemont, which are based on the Dodge Durango, contribute to the vehicles
shipped figure but not the vehicles sold.
We can expect to see this number grow depending on the success of
vehicles like the Chrysler 300, Dodge Dart and Chrysler 200 – all of which are
sold overseas under different names (Lancia for the Chryslers, the Fiat Viaggio
for the Dart).
This positive financial position through the first 3 months
of 2012 has allowed the Chrysler Group to forecast a total profit of $1.2
billion in 2012 – compared to just $183 million profit in 2011.