Summary Box: Chrysler earnings best in 13 years

AP News
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Posted: Apr 26, 2012 11:55 AM
Summary Box: Chrysler earnings best in 13 years

THE RESULTS: Chrysler posted its highest quarterly profit in 13 years on Thursday at $473 million. Revenue was up 25 percent to $16.4 billion.

THE REASON: Strong U.S. sales, which were up 39 percent above the first quarter of last year. Top sellers include the Jeep Grand Cherokee, Ram pickup and Chrysler 200 midsize sedan.

THE OUTLOOK: CEO Sergio Marchionne said everything looks positive for the rest of the year. Chrysler reiterated its prediction of $1.5 billion in net income for the full year.

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