Chrysler 2012 Annual Report Download - page 10

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Letter from the Chief Executive Officer
Dear Shareholders,
The 2012 Annual Report is the first to consolidate Chrysler Group’s results for a full year and
starts to reflect the benefits of our alliance.
What Fiat and Chrysler have accomplished over the past three and a half years in terms of sharing
and integrating know-how, best practices, experience and traditions is evident not only in the
financial results, but also at the commercial, industrial and cultural level.
We now rank as the 7th largest automaker globally.
During 2012, we made significant progress regarding the further convergence of key products
on to the Group’s three principal global architectures with the launch of the Fiat Panda and the
Fiat 500L in Europe (EMEA), the Dodge Dart in North America (NAFTA) and the Fiat Viaggio in the
Asia-Pacific region (APAC).
With our newly established global presence and wealth of resources and talent, we are finally in
a position to engage in competition with the best in the sector.
With all full-year targets reached or exceeded, our financial results for 2012 reflect a global
organization focused on growth in volumes and profitability.
Revenues were up 12% to €84 billion and trading profit was in excess of €3.8 billion, the highest
ever in the Group’s history.
Net profit was €1.4 billion and total available liquidity remained strong at €20.8 billion.
These results were achieved despite conditions in Europe, where the prolonged crisis in the auto
sector, which posted its fifth straight year of decline, was further exacerbated by the broader
economic crisis.
The solid financial and commercial results achieved in every other operating region for the mass-
market brands enabled us to minimize the impact of the volume declines and operating losses
recorded in EMEA. Growth for Luxury and Performance brands continued and the Components
business also contributed positively.
In NAFTA, we continued to outpace all other domestic automakers in terms of sales growth.
In the U.S., we posted our 33rd consecutive month of sales growth in December, and in Canada,
we are on the verge of becoming the number one automaker.
Trading profit for the region was up 59% over the prior year to €2.7 billion.
In Latin America (LATAM), the Group recorded another year of very strong results, posting
€1.1 billion of trading profit and a double-digit trading margin.
“
With our
newly established
global presence
and wealth of
resources and
talent, we are
finally in a position
to engage in
competition with
the best in the
sector
”