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Chrysler Cuts Its Losses In Half On Sales Of New Jeep

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DETROIT -- Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The automaker raised its full-year profit forecast, its confidence boosted by the arrival of nearly a dozen new or revamped vehicles in the next few months.

Chrysler lost $84 million in the July-September period compared with a loss of $172 million in the previous quarter. Chrysler's revenues rose 5.2 percent to $11 billion. The company compared results with the second quarter rather than the prior year because this was the first time since 2006 it has reported third-quarter earnings.

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