Chrysler predicts more good times

The Chrysler 200, shown, and the Dodge Dart were part of the car lineup that helped Chrysler Group raise U.S. sales 21 percent in 2012.

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Chrysler Group posted net income of $1.7 billion in 2012, nearly 10 times the company's $183 million profit in 2011.

The healthy results topped a triumphant year for Chrysler, which:

• Was the only one of the Detroit 3 to gain market share in the United States in 2012. Its share rose from 10.7 percent in 2011 to 11.4 percent last year.

• Boosted its U.S. sales 21 percent last year, mainly on the strength of its revived car lineup. The overall U.S. market gained 13 percent.

• Increased net revenue 20 percent last year to $65.8 billion.

• Delivered more than 2.4 million vehicles worldwide in 2012 -- a 20 percent increase from 2011 -- including vehicles it made for other automakers, such as parent company Fiat S.p.A. In 2011, it delivered 2.0 million vehicles worldwide.

The numbers also sparkled in the fourth quarter:

• Net income rose 68 percent from last year to $378 million.

• Revenue grew 13 percent to $17.2 billion.

• Chrysler reported year-end cash of $11.6 billion, up from $9.6 billion one year ago.

Finally, the automaker sees good times ahead. In 2013, the company predicts net income will reach about $2.2 billion, revenue will rise to between $72 billion and $75 billion, and worldwide vehicle deliveries will hit 2.65 million.

You can reach Larry P. Vellequette at lvellequette@crain.com.

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