Chrysler Group LLC posted a net profit of $507 million for the second quarter of 2013, an increase of 16 percent from the $436 million the company reported a year ago.
That helped boost parent company Fiat SpA’s second-quarter net profit to 435 million euros, or about $577 million — an 82 percent increase. But without Chrysler, the Italian automaker would have lost 247 million euros, or nearly $328 million.
Fiat said it remains on track to meet its 2013 targets.But Chryslerlowered its estimates for the rest of the year, though Chairman and CEO Sergio Marchionne remained upbeat.
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