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|CHICAGO http://www.teammlbbravesshop.com/authentic-gordon-beckham-braves-jersey/ , Oct. 30 (Xinhua) -- U.S. automaker Chrysler Group LLC posted a net profit of 464 million U.S. dollars for the third quarter Wednesday, an increase of 22 percent year on year, local media reported.
The Michigan-based automaker credited it to an increased demand for its Ram pickup and Jeep Grand Cherokee and the fact that consumers were willing to pay more for those vehicles http://www.teammlbbravesshop.com/authentic-freddie-freeman-braves-jersey/ , Detroit News reported.
Chrysler said it was still on track to meet its full-year sales forecast of 72 billion to 75 billion dollars, the report said.
A year ago, Chrysler posted a third-quarter net profit of 381 million dollars on sales of 556 http://www.teammlbbravesshop.com/authentic-erick-aybar-braves-jersey/ ,000 vehicles. It ended 2012 with a full-year profit of almost 1.7 billion dollars and posted a 507 million dollars profit for the second quarter of 2013.
"Chrysler saw strong sales growth in third quarter, keeping pace with growth in the broader industry," Alec Gutierrez http://www.teammlbbravesshop.com/authentic-ender-inciarte-braves-jersey/ , an automotive research analyst, was quoted as saying.
"Strength in the Jeep, Dodge and Ram brands were especially critical to Chrysler's sales increase since the Chrysler and Fiat brands each saw a slightly decline compared to sales in third quarter 2012 http://www.teammlbbravesshop.com/authentic-deion-sanders-braves-jersey/ ," he said.
Italy's Fiat SpA, which owns the majority of Chrysler shares, has reported a worse-than-expected profit of 816 million euros ( about 1.1 billion dollars) for the third quarter.
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