After months of delays, the 2014 Jeep Cherokee is finally on its way to U.S. dealers. Photo credit: Chrysler

Chrysler on Wednesday posted a net profit for the third quarter of $464 million. That's a 22% increase from the $381 million earned by Chrysler in the third quarter of 2012, an increase driven by strong sales of Chrysler's Ram pickups and Jeep Grand Cherokee SUVs in the United States -- both recently overhauled with help from Chrysler's Italian partner, Fiat (OTC:FIATY).

But Chrysler's third-quarter profit could have been -- and should have been -- even stronger. In this video, Motley Fool senior auto analyst John Rosevear explains why the problems surrounding the new Jeep Cherokee cost Chrysler millions in lost profits last quarter -- and looks at what the company is doing now to get back on track.