Chrysler reports four-fold leap in first quarter profit to $473m.
The US car-maker, controlled by Fiat, said it aims to make $1.5 billion profit in 2012.
The profit has risen from $116m in the same period last year.
The rise was "driven primarily by a 40% increase in US retail sales," the company said.
The company added that its market share in the United States had risen to 11.2% from 9.2% in the first quarter of 2011.
The automaker also saw a 25% rise in sales to $16.359 billion and a 55% rise in core operating profit to $740 million.
"Another positive quarter is the affirmation that the Chrysler team is maintaining its focus," Sergio Marchionne, chief executive of Chrysler and Fiat, was quoted as saying.
"We continue to deliver on the targets in our five-year plan and are now focused on successfully launching the Dodge Dart, a car that is a true melding of Chrysler's and Fiat's engineering and styling strengths," he said.
The Dodge Dart is a fuel-efficient model based on a Fiat design.
Fiat took over management of Chrysler in June 2009 after the US company emerged from bankruptcy proceedings. Fiat now owns a 58.5% stake in Chrysler and the two companies plan to produce six million cars a year by 2014.
