Chrysler has predicted that its revenue will increase 11 percent to approximately $80 billion in 2014, according to Reuters.

After going through bankruptcy in 2009, the American automaker is now owned completely by the Italian-based Fiat.

"A new chapter of our story begins with the creation of Fiat Chrysler Automobiles," said John Elkann, Fiat chairman, in a statement, according to the release.

The company's long-term business plan will be outlined sometime this May.

Fiat reported fourth-quarter earnings on Jan. 29 were "below expectations."

Meanwhile Chrysler's fourth-quarter income of $1.62 billion was up 329 percent compared to the same time in 2013, though it included $962 million non-cash tax benefit "related to the release of a valuation allowances on deferred tax assets," according to Reuters.

Chrysler's fourth quarter net income was $659 million, compared with $378 million from the previous year, adjusting for the tax benefit.

Net revenue during last year was $72.14 billion, up 10 percent compared to 2012, mainly due to an increase in vehicle shipments.

Vehicle shipments increased 2.6 million from 2.4 million in 2012, according to Reuters.

Chrysler believes that 2014's net income will fall between $2.3 billion to $2.5 billion, in comparison to the $2.76 billion earned in 2013. 

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