Chrysler 3Q profit nearly doubles to $381 million on big US sales gain
DETROIT – 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 per cent from the $212 million it made a year earlier.
The profit was due mainly to a 13 per cent 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 per cent $13.1 billion.
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