Chrysler reports high third quarter profits

Posted at 6:27 PM, Oct 30, 2012
and last updated 2012-10-30 18:27:16-04

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.