Chrysler Reports Best Quarterly Profit In Years

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The Los Angeles Times reports:

Chrysler Group reported its third consecutive quarterly profit and logged its best financial performance in more than a decade, a turbulent period of changing owners with varied business strategies for the Detroit automaker.

Chrysler said it posted net income of $473 million for the first quarter of 2012, up more than 300% from $116 million a year ago. The company said the gains were  driven primarily by a 40%  increase in U.S. retail sales.

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