Volkswagen, Chrysler And Fiat See Profits Jump

Car giants Volkswagen, Chrysler and Fiat have all reported strong rises in first-quarter profits as the global car market recovers. Volkswagen's first quarter net profit nearly doubled to 3.2bn euros ($4.2bn; �2.6bn) compared with a year ago. Chrysler - now controlled by Italy's Fiat - announced net profits of $473m, its best quarterly profit in 13 years. The "significant contribution" from Chrysler pushed overall net profits at Fiat group up 10-fold to 379m euros. The group said the strong performance from Chrysler had offset lower sales of Fiat in Europe. Revenues more than doubled on a year ago to 20.2bn euros. But excluding Chrysler, they fell 5.7% to 8.7bn euros.