Chrysler 3Q profit nearly doubles

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.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-10-29-Earns-Chrysler/id-6a10b64df6224d1a815d285929cdaaf4

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