Chrysler Group net income in 3rd quarter $464 mn, up 22%
Third quarter net revenue up 13.5% at $17.6 billion30 October, 12:28
Chryler's net revenue for the third quarter was $17.6 billion, up 13.5% from a year ago.
Modified operating profit increased 22% to $862 million in the third quarter, up from $706 million a year prior.
Free cash flow for the third quarter was minus $343 million. Cash as of September 30, 2013, was $11.5 billion, down from $11.9 billion at both June 30, 2013 and September 30, 2012.
Net industrial debt was $888 million at September 30, 2013, up from $656 million on June 30, 2013, and $693 million at the end of September 2012.
Worldwide vehicle shipments were 593,000 for the quarter, up 6% from 559,000 a year ago.
Worldwide vehicle sales for the third quarter were 603,000, up 8% from a year ago, driven primarily by a 16% increase in U.S. retail sales.
U.S. market share was 11.2% for the third quarter, compared with 11.3% a year ago.
Chrysler's market share was 14.3% in Canada, unchanged from the same period last year.