Chrysler Reporting 3rd Quarter Earnings Increase

By Scott Sarvay

November 8, 2010 Updated Nov 8, 2010 at 1:32 PM EDT

DETROIT (Indiana's NewsCenter) - Chrysler is reporting better than expected earnings for the third quarter of this year.

Monday morning, the automaker said it only lost $84 million during the third quarter compared to $172 million in the second quarter.

Chrysler reports that revenues rose 5.2 percent to $11 billion.

The company credits the new Jeep Grand Cherokee for the boost and has raised its full year financial forecast on the anticipation of continued strong sales.

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