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https://autorepmans.com/extimages/2014/01/307.jpg The Chrysler Group reported a net income of $1. 6 billion for the fourth quarter today, aided by a one time tax gain of $962 million. Its quite the contrast compared to a year earlier, when Chrysler netted $378 million. Adjusted net income for the quarter was $659 million while fourth-quarter revenue saw a bump to $21. 2 billion thanks in part to 25,000 Jeep Cherokees being held over past October 1 to recalibrate its transmission software. For all of last year, Chrysler posted net income of $2. 8 billion, which is up 65 percent ($1. 7 billion) compared to 2012. Adjusted net income for 2013 was $1. 8 billion. Its the third straight year the American automaker has turned a profit while seeing a boost in U. S. market share of two-tenths of a percentage point to 11. 6 percent in 2013. The automakers U. S. sales rose 9 percent last year and globally, Chrysler delivered over 2. 6-million vehicles including those from Fiat.
