Chrysler’s 2Q net income up 16 percent on U.S. sales

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DETROIT (AP) — Chrysler Group says its net income rose 16percent to $507 million in the second
quarter on strong U.S. sales oftrucks and SUVs.Chrysler sold 643,000 vehicles worldwide in the
April-June period, up 10 percent from a year ago.Revenue was up 7 percent to $18
billion.Chrysler’sfirst-quarter figures suffered because it was slow to release newversions of the Ram
pickup and Jeep Grand Cherokee SUV, two of its mostpopular vehicles. But sales of both vehicles were
strong in the secondquarter.U.S. Ram sales rose 30.4 percent over last year asconstruction companies and
other small businesses raced to replace agingtrucks. It was the Ram’s best second quarter since
2007.Grand Cherokee sales soared 27 percent to 47,663.Copyright 2013 The Associated Press.DETROIT (AP) —
Chrysler Group says its net income rose 16percent to $507 million in the second quarter on strong U.S.
sales oftrucks and SUVs.Chrysler sold 643,000 vehicles worldwide in the April-June period, up 10 percent
from a year ago.Revenue was up 7 percent to $18 billion.Chrysler’sfirst-quarter figures suffered because
it was slow to release newversions of the Ram pickup and Jeep Grand Cherokee SUV, two of its mostpopular
vehicles. But sales of both vehicles were strong in the secondquarter.U.S. Ram sales rose 30.4 percent
over last year asconstruction companies and other small businesses raced to replace agingtrucks. It was
the Ram’s best second quarter since 2007.Grand Cherokee sales soared 27 percent to 47,663.Copyright 2013
The Associated Press.

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