Chrysler Posts Operating Profit of $239 Million for Q3

Chrysler has announced a third-quarter operating profit of $239 million due in large part to a 5.2 percent increase in revenue from Q2 to $11 billion in Q3.

The good news from Chrysler is largely due to all of the new products that are being released. Sales in Q3 jumped up by 20 percent.

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.

“Chrysler’s financial success is dependent upon the vehicles we design, build and sell. In a mere 16 months, the Company is delivering 16 all-new or refreshed products led by the critically acclaimed 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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