Chrysler Group Reports Third Quarter 2011 Net Income of $212 Million

Chrysler Group's third quarter 2011 net income totaled $212 million compared with a net loss of $84 million a year ago Third quarter net revenue was $13.1 billion, up 19 percent from a year ago Modified Operating Profit(b) grew to $483 million in the quarter, from $239 million a year ago Chrysler Group ended the quarter with $9.5 billion in Cash(d) versus $10.2 billion at June 30, 2011 Worldwide vehicle sales in the third quarter were 496,000, up 24 percent compared with a year ago U.S. market share increased to 11.4 percent for the third quarter, up from 9.6 percent a year ago Canadian market share was 14.5 percent for the third quarter, up from 12.8 percent a year ago New four-year national labor agreement with the UAW ratified on October 26, 2011 Chrysler Group LLC today reported preliminary net income of $212 million for the third quarter, compared with a net loss of $84 million a year ago, as the Company continues to increase sales and benefit from its alliance with Fiat S.p.A. In the third quarter of 2011, net revenue was $13.1 billion, a 19 percent increase from the third quarter of 2010, driven by increased demand for Chrysler Group's 16 all-new or significantly refreshed cars and trucks. The Company reported a Modified Operating Profit of $483 million for the quarter, or 3.7 percent of net revenue, up from $239 million, or 2.2 percent of net revenue, in 2010. Modified Operating Profit benefited from increased sales volume and improved pricing and mix, partially offset by increased advertising and industrial costs.