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Car companies post mostly positive results

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Ford Motor Co. and Chrysler Group LLC both posted large revenue gains in the second quarter, CNNMoney reported.

Ford’s revenues jumped 13 percent to $35.5 billion, as the number of vehicles sold globally rose 7 percent and prices increased.

Net income for Ford slipped to $2.4 billion from $2.6 billion a year ago. Earnings before special items, though, were 65 cents per share, better than the consensus forecast of 60 cents a share from analysts surveyed by Thomson Reuters.

Chrysler’s revenues were $13.7 billion, up 30 percent from a year ago. The automaker reported a net loss of $370 million in the period, but that was due to a $551 million charge it took when it repaid high-interest debt it had owed the government after the 2009 bailout.

Excluding the special charge, the company had income of $181 million.

The CEOs from Ford and Chrysler each said they were pleased with the results.