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Chrysler reports quarterly profit, market share increase

A Chrysler badge is pictured on a new car at a dealership in Vienna, Virginia April 26, 2012. REUTERS/Kevin Lamarque
A Chrysler badge is pictured on a new car at a dealership in Vienna, Virginia April 26, 2012. REUTERS/Kevin Lamarque

AUBURN HILLS (WKZO) -- Sales of Chrysler vehicles in the second quarter of the year earned the automaker a net profit of 507-million dollars.

This marks the eighth consecutive quarter where the automaker has reported a net profit and the results were 16-percent higher from one year ago.  However, the automaker has lowered its profit estimates for the rest of the year due to the launch of new vehicles.

Chrysler has also increased its share of the U.S. auto market to eleven-point-four-percent in the first half of the year.

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