Chrysler Group LLC, which is majority owned by Italy-based Fiat SpA (FIATY.PK), reported a surge in first-quarter preliminary net income to $473 million from $116 million a year ago, chiefly driven by its 40 percent increase in U.S. retail sales.
Quarterly revenue totaled $16.4 billion, up 25 percent from $13.1 billion in the 2011 first quarter, driven by a 25 percent period-over-period rise in shipments and positive pricing. Modified operating profit was $740 million for the recent quarter, 55 percent higher than $477 million a year earlier.
For 2012, the company expects net income of around $1.5 billion on net revenue of about $65 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.