CHRYSLER EARNINGS: Chrysler's net income rose 16 percent to $507 million in the second quarter on strong US sales of the Ram pickup and Jeep Grand Cherokee SUV. Revenue rose 7 percent to $18 billion.

CHRYSLER EARNINGS: Chrysler's net income rose 16 percent to $507 million in the second quarter on strong US sales of the Ram pickup and Jeep Grand Cherokee SUV. Revenue rose 7 percent to $18 billion.

GROWING PAINS: Despite its second quarter performance, Chrysler lowered its sales and profit expectations for the full year. Production has been delayed by parts shortages. Chrysler says it's also spending extra time ensuring quality and perfecting the new nine-speed transmission in the Jeep Cherokee.

WHAT'S NEXT: Chrysler should get a boost from sales of the new Cherokee, which should be widely available by October.