Chrysler reports high third quarter profits

Posted on: 6:27 pm, October 30, 2012, by

RICHMOND, Va. (WTVR) – More evidence the U.S. auto industry is recovering: Chrysler is reporting its third quarter profits are up 80 percent compared to a year ago.

The company’s net income for this quarter was $381 million.

Last month, we learned that US car sales hit their highest level in four years.