Chrysler uses strong presence in US to notch $436M second-quarter profit - InfoNews

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Chrysler uses strong presence in US to notch $436M second-quarter profit

FILE - In this Feb. 28, 2011 file photo, a new 2011 Dodge Caliber Mainstreet is shown to a customer at a Chrysler dealership in Burlingame, Calif. Chrysler rode big sales increases in the U.S. to a $436 million profit in the second quarter, the company announced Monday, July 30, 2012. (AP Photo/Paul Sakuma, File)
July 30, 2012 - 2:20 PM

DETROIT - Chrysler rode big sales increases in the U.S. to a $436 million profit in the second quarter.

A year earlier, the company lost $370 million, mainly because it refinanced government bailout loans

Unlike other U.S.-based automakers, Chrysler is benefiting from its reliance on the United States car market. While other companies are losing money in Europe, Chrysler has little presence there. The company gets 75 per cent of its sales from the U.S., where the market has been growing for the past three years.

Chrysler says second-quarter revenue increased 23 per cent $16.8 billion.

News from © The Associated Press, 2012
The Associated Press

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