Chrysler reports big jump in profits

How about second-quarter net income of $436 million, compared with a loss of $370 million a year earlier? The strong results came largely from the automaker's North American operations. From AP:

Chrysler is benefiting from its reliance on North America and limited exposure to overseas markets. Other car companies are losing money in Europe and seeing sales slowdowns in China and South America. But more than 75 percent of Chrysler's sales come from the U.S., while Canada accounts for about 12 percent. Sales in both countries are up in the past three years. Chrysler said Monday that its second-quarter revenue rose 23 percent to $16.8 billion.

By the way, Southern California new-car registrations for Chrysler, Jeep and Dodge brands totaled 7,020 during the first six months of the year, a 52 percent increase from a year earlier.
Say what you will about weak consumer confidence, but somebody is buying these cars.