Chrysler 3Q profit nearly doubles
Mon, 29 Oct 2012 18:18:43 GMT —
Chrysler nearly doubled its third-quarter profit as it continues to post big U.S. sales increases.
The company says it made $381 million last quarter. That's up 80 percent from the $212 million it made a year earlier.
The profit was due mainly to a 13 percent U.S. sales increase for the quarter.
Chrysler gets three-quarters of its business from the U.S. Unlike other automakers, it sells few cars in Europe and isn't being hurt by the economy there.
Chrysler says second-quarter revenue increased 18 percent $13.1 billion.