The festive period of the last two months generated strong sales and has given the Indian automobile industry some respite from the sluggish performance of the last few months, HMIL senior vice-president (marketing and sales) Arvind Saxena said. Strong sales are likely to propel the industry into a positive double-digit growth for the remaining part of the year," he added. : The companys total fourth-quarter net income more than quadrupled to $1.62 billion, when tax benefits were included. But the company still made $659 million without them, a 74 percent increase from a year ago, reports the Associated Press. Chrysler is owned by Italian car company Fiat, which owned 58.5 percent of Chrysler last year but has since bought the rest of the company.

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