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1st and 2nd runs: 14 February 1932 / 3rd and 4th runs: 15 February 1932
| Rank | Name | Nation | 1st run | 2nd run | 3rd run | 4th run | Total |
| 1 | USA-I Billy Fiske; Eddie Eagan; Cliff Gray; J.J. O'Brien |
USA | 2:00.52 | 1:59.16 | 1:57.41 | 1:56.59 | 7:53.68 |
| 2 | USA-II Henry Homburger; Percy Bryant; Paul Stevens; Ed Horton |
USA | 2:01.77 | 2:01.09 | 1:58.56 | 1:54.28 | 7:55.70 |
| 3 | GER-I Hanns Kilian; Max Ludwig; Hans Mehlhorn; Sebastian Huber |
GER | 2:03.11 | 2:01.34 | 1:58.19 | 1:57.40 | 8:00.04 |
| 4 | SUI-II Reto Capadrutt; Hans Eisenhut; Charles Jenny; Oscar Geier |
SUI | 2:06.81 | 2:03.40 | 2:01.47 | 2:00.50 | 8:12.18 |
| 5 | ITA-I Teofilo "Theo" (Count) Rossi di Montelera; Agostino Lanfranchi; Gaetano Lanfranchi; Italo Cassini |
ITA | 2:07.87 | 2:06.62 | 2:07.94 | 2:01.78 | 8:24.21 |
| 6 | ROU-I Alexandru Papană; Alexandru Ionescu; Ulise Petrescu; Dumitru Hubert |
ROU | 2:09.09 | 2:14.32 | 2:02.00 | 1:58.81 | 8:24.22 |
| 7 | GER-II Walther von Mumm; Hasso von Bismarck; Gerhard (Baron) Hessert; Georg Gyssling |
GER | 2:11.59 | 1:22.72 | 2:07.89 | 2:04.25 | 8:35.45 |