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Chrysler Third Quarter Net Profit is up 80%

avatar By Jeanne Goddard

30 Oct 2012 36 views
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Chrysler Third Quarter Net Profit is up 80%
Chrysler Group LLC reported a net profit of $381 million for the third quarter of 2012 on Monday, up 80 percent from the $212 million profit the company reported for the same period a year ago. The results mean that the United Auto Workers employed in Chrysler's factories will next year likely receive their signing bonus of $1,750

Chrysler Group LLC reported a net profit of $381 million for the third quarter of 2012 on Monday, up 80 percent from the $212 million profit the company reported for the same period a year ago.

Monday's results mark the third consecutive quarter of solid profitability for the company, which means the 26,000 members of the United Auto Workers employed in Chrysler's factories will next year likely receive their signing bonus of $1,750, as part of the union's 2011 agreement with the automaker.

(READ the full story in the Detroit News)

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