Chrysler Records $239 Million Profit In Q3

Chrysler recorded it’s third straight profitable quarter, raking in $239 million in Q3, as the company rode a wave of optimism regarding increased sales and a new product lineup.

Chrysler is due to launch roughly 16 new products by 2012.  “We are not only living up to our commitments, but we are exceeding our 2010 financial objectives,” Chrysler CEO Sergio Marchionne said in a statement. “Our 2010 accomplishments are just the beginning of building Chrysler into a vibrant and competitive automaker.”

Sales in the United States rose 20 percent this quarter, amid strong demand for the Chrysler Town & Country minivan and the Jeep Grand Cherokee.

[Source: Automotive News]