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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

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GM Posts Highest Profit Ever; Workers to Share Wealth

General Motors earned its largest profit ever in 2011, two years after it nearly collapsed. Strong sales in the United States and China helped the automaker turn a profit of $7.6 billion, beating its old record of $6.7 billion set during the pickup and SUV boom of 1997. GM said 47,500 blue-collar workers in the United States will get $7,000 profit-sharing checks in March.

By Jeanne Goddard

17 February 42 Views
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