Chrysler Reports $619 Million Second Quarter Profit

Chrysler Reports $619 Million Second Quarter Profit
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Chrysler announced its second quarter and six-month financial results today, marking a profit of $619 million from April through June.

That marks a 22 percent jump over the same period last year. Chrysler said it is on track to achieve a net revenue above $80 million for the total year and that it expects to deliver roughly 2.9 million vehicles worldwide. Profit through the first half of the year was $1.1 billion, the company said.

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During the seconds quarter, Chrysler launched its all-new 2015 200 midsize sedan, although the strong second quarter was mainly due to robust pickup truck and Jeep sales. The company said its sales rose 15 percent during the second quarter.

Fiat and Chrysler are still trying to officially merge and if that becomes the case, the new company will aim for seven million annual vehicle sales globally.