Mon, 06 Aug 2018 07:45 IST
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Chrysler Reports Profit of $436 Million in Second-Quarter

New York, July 31 ( – The automaker controlled by Fiat SpA (F), Chrysler Group LLC has posted net income of $436 million for the second quarter.

The sales of the Auburn Hills, Michigan-based company increased 23 percent to $16.8 billion. The sales for the passenger cars in US increased  42 percent.

The company has confirmed its forecast that net income will rise to around $1.5 billion this year. The earnings of the company  before interest, taxes and one-time items climbed  82 percent to 957.8 million euros.

The US market share of the company rose 1.4 percentage points from a year earlier to 11.5 percent

The Italian automaker is planning to increase passenger car sales with new Dodge Dart compact.

At Milan, the shares of Fiat traded down 6 cents to 4.13 euros as of 12:28 pm today. This year, the shares of the company have climbed 16 percent.