By James O'Toole@jtotooleOctober 29, 2012: 5:09 PM ET
NEW YORK (CNNMoney)
The comeback continues at Chrysler.
The automaker reported third-quarter profits Monday that rose 80% versus a year ago, buoyed by strong sales in U.S.
Chrysler's third-quarter net income hit $381 million, up from $212 million last year, though down versus the first two quarters of this year.
Revenues came in at $15.6 billion, up 18% versus last year.
Despite being majority-owned by Italian automaker Fiat, Chrysler is less exposed to Europe that competitors Ford and General Motors, both of which had their second-quarter results weighed down by the continent's ongoing crisis.
Last week, Ford(F) announced plans to close two plants in England, continuing a string of recent cuts in Europe.
Ford CEO: 'Europe has a long way to go'
But the American auto market has been a different story. U.S. auto sales last month hit their highest level in more than four years.
Chrysler's worldwide vehicle sales for the third quarter were 556,000, up 12% from last year due mainly to the company's 13% sales gain in the U.S. The company confirmed its 2012 guidance, projecting net income of roughly $1.5 billion for 2012.
Ford is scheduled to report its third-quarter results Tuesday morning, with General Motors(GM) up Wednesday, assuming the presentations aren't rescheduled because of Hurricane Sandy.