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Chrysler's profit jumps 22%

Detroit - Chrysler on Wednesday said its net profit for the third quarter rose 22% to $464m, and it confirmed its full-year sales forecast of $72bn to $75bn.

The US automaker's net sales rose 13.5% to $17.56bn in the quarter.

Fiat, which owns 58.5% of and has management control of Chrysler, will report its quarterly earnings later on Wednesday.

Fiat is seeking to merge with Chrysler and purchase the remaining 41.5% of shares, which are now owned by a health care trust for retired Chrysler workers affiliated with the United Auto Workers union.

 
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