Chrysler 2Q Profit Up 22 Percent
DETROIT (AP) -- Chrysler Group says its second-quarter net profit rose 22 percent, fueled by rising sales in the U.S.
The company says it made $619 million in the April-through-June quarter, compared with $507 million a year ago.
Revenue rose 14 percent to $20.5 billion.
Chrysler says its worldwide sales grew 12 percent in the quarter to 723,000 vehicles, with most of the increase in the U.S. Retail sales in the U.S. rose 16 percent, largely because of gains by the Jeep Grand Cherokee and Ram pickup.
Chrysler's U.S. market share rose almost a full percentage point to 12.1 percent.
The company raised its full-year forecast for worldwide shipments by 100,000 vehicles. It now expects to ship about 2.8 million cars and trucks.