Chrysler Profits Up 80% From 2011

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Updated: 10/30/2012 7:55 am
CNN - This year has been a good one for Chrysler.

The automaker reports its third quarter profits are up 80% compared to a year ago.

The company said its net income for the third quarter hit a $381 million. Up from $212 million in 2011's third quarter.

But, it's down compared to the first two quarters of this year.

All told, though, Chrysler projects its net income will reach a total of roughly $1.5 billion dollars this year.

The news comes after last month's news that U-S auto sales hit their highest level in more than four years.


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