Dream accounts for Chrysler, which closed the first quarter of 2012 with Net income more than quadrupled over same period last year, from $116 million to $473 million. The result is above all linked to the increase in retail sales in the United States (+40%). Globally, however, sales reached 523.000 cars, an increase of 33% on an annual basis.
The Detroit giant controlled by Fiat, as stated in a company note, reported operating earnings of $740 million, up 55%. compared to 477 million in the first quarter of 2011. The net turnover, in the same period, was 16,359 billion dollars, for a growth of 25% on an annual basis (13,124 billion in 2011). Market share in the United States grew from 9,2% to 11,2%, while in Canada it increased to 15%, which puts the company on top of the market for the first time in its history.
Also in the wake of these numbers, this morning in Piazza Affari the Fiat share travels in positive territory by more than one point.
“Another positive quarter – commented the CEO, Sergio Marchionne -, built on an increase in sales that exceeded the automotive sector average. We continue to deliver on our five-year plan goals and now focus on the successful launch of the Dodge Dart, a vehicle that truly represents the blending of Chrysler and Fiat's engineering prowess and styling prowess."
As of March 31, available cash in the coffers of the American group amounted to 11,3 billion dollars, against 9,6 billion in the previous three months and 9,9 billion in the same period of 2011. Total available liquidity amounted to 12,6 billion, including 1,3 .1,7 billion available thanks to a revolving credit line. The net positive cash flow amounted to XNUMX billion, thanks in particular to the improvement in operating performance.
industrial debt gross amounted to 12,6 billion, substantially in line with the 12,5 billion of the previous quarter and lower than the 13,3 billion of the first quarter of 2011, while the net one decreased to 1,3 billion, against the 1,6 billion in the period ending in December and 2 billion in the first quarter of last year.
Goals for 2012 confirmed: net income of approximately $1,5 billion, operating income of $3 billion or greater, cash flow of $65 billion or greater, net sales of $2,3 billion, and global shipments of 2,4, XNUMX-XNUMX million cars.
