Chrysler's 2nd quarter sales up 16%

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    Chrysler Group’s sales picked up in the second quarter thanks to strong U.S. demand for trucks and SUVs, but the company still cut its full-year sales and profit targets after a slower than expected start to the year.

    Chrysler said Tuesday that its net income rose 16 percent to $507 million in the April-June period from $436 million a year ago. It was Chrysler’s eighth straight quarterly profit.

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