Chrysler announces earnings are up - 13abc.com Toledo (OH) News, Weather and Sports

Chrysler announces earnings are up

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DETROIT (AP) - 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.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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