(November 8, 2010) AUBURN HILLS, Mich. — Chrysler today issued its financial results for the third quarter 2010 and revised upwards its full year 2010 guidance based on continued operating performance improvements.

Chrysler reported operating profit of $239 million for the quarter ending Sept. 30. Net revenues increased to $11 billion in the third quarter, up 5.2 percent from the second quarter, and net loss was reduced to $84 million from $172 million in the second quarter.

A positive cash flow of $149 million in the third quarter further strengthened Chrysler's cash position to $8.3 billion.

Based on continued operating performance improvement, full year guidance has been revised upwards.

Sergio Marchionne, Chief Executive Officer of Chrysler Group  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.