Chrysler today announced first quarter profits of $116 million on $13.1 billion in revenue. That represents a 35 percent increase compared to same quarter last year.
Chrysler earned $477 million on sales of 394,000 vehicles for a total sales increase of 18 percent.
“Chrysler Group’s improved sales and financial performance in the first quarter show that our rejuvenated product lineup is gaining momentum in the marketplace and resonating with customers,” CEO Sergio Marchionne.
Chrysler also announces that it now has a bank account of cash reserves that total $9.9 billion.
“We remain focused on delivering great products to our customers and continuing to achieve the sales and financial targets outlined in our 2010-2014 business plan,” added Marchionne.
Perhaps one of the reason that Chrysler is back in the black is because it keeps rolling out new cars like the 300C…which was officially debuted in New York with the help of Detroit Lions Defensive back Ndamukong Suh.
Check out the debut of the New York new 300C below: