Chrysler reports operating profit of $239 Million for the third quarter

Chrysler has posted its financial results for the third quarter of 2010 and they look a lot better than last year. Net Revenues has increased to $11.0 billion in Q3 2010, up 5.2 percent from Q2, and Net Loss reduced to $84 million from $172 million in Q2 2010 .

Sergio Marchionne, Chief Executive Officer of Chrysler Group LLC stated, “A year ago, Chrysler Group laid out clear and concise five year financial goals and after three consecutive quarters of better than forecasted results, we are not only living up to our commitments but we are also exceeding our 2010 financial objectives.

In just 16 months, Chrysler is delivering 16 all-new or refreshed products led by the all-new 2011 Jeep Grand Cherokee and including the Fiat 500, signaling the return of the Fiat brand to the U.S. and Canada.

“We are committed to ensuring that every new vehicle this company launches has the same high quality and technological advances as the Jeep Grand Cherokee. Our 2010 accomplishments are just the beginning of building Chrysler Group into a vibrant and competitive auto maker,” Marchionne added.

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