Chrysler Reports Loss for First Quarter

By Karin Sun on 13 May 2014
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The Chrysler Group announced financial results for the first quarter of 2014.

The company reported an operating loss of $690 million for the first quarter, down $856 million from a profit of $166 million in the first quarter of 2013.

Net revenue for the first quarter was approximately $19 billion, a year-over-year increase of 23.4% from $15.4 billion last year.

Worldwide deliveries for the first quarter increased by 10%, up to 621,000 units sold from 563,000 in the same period last year. Chrysler said that the increase in worldwide deliveries was driven largely by a 19% increase in U.S. retail sales in the first quarter.

Chrysler said it expects a net revenue of approximately $80 billion for 2014.

(Photo: Accura Media Group)