After reducing costs and launching a big pickup, Chrysler Group posted a $143 million operating profit in the first quarter of the year. In a statement, Chrysler revealed that revenue increased to $9.69 billion in the first quarter of 2010, a 2.7% increase from same period in 2009.
Chrysler also posted a net loss of $197 million in the first quarter of 2010, compared with a net loss of $2.69 billion for the same period in 2009. After it emerged from bankruptcy on June 10 up until the end of 2009, Chrysler had lost $3.8 billion on revenue of $17.7 billion. Fiat S.p.A. had gotten a 20% stake in Chrysler after its Chapter 11 reorganization with $15 billion in government support.
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