Chrysler posts $212M 3Q profit

October 27, 2011 - 10:35 AM

DETROIT (AP) — Chrysler says it earned $212 million in the third quarter as car and truck sales grew 24 percent.

It was the company's second profitable quarter this year, and a sign that its turnaround is taking hold after a 2009 trip through bankruptcy protection. In the third quarter of last year, Chrysler lost $84 million.

The company says its profit was driven by increased demand for its new or revamped Chrysler, Dodge, Jeep and Ram vehicles.

Revenue for the quarter was up 19 percent to $13.1 billion.

For the first three quarters of the year, Chrysler has lost $42 million. But that's mainly due to a $551 million accounting charge for refinancing its government debt in the second quarter.