Chrysler Group LLC today announced its financial results for the first quarter of 2010. The Auburn Hills automaker posted a $143 million operating profit and showed positive cash flow for the period ending March 31, 2010.
“This positive operating result in the first quarter is a concrete indication to our customers, dealers and suppliers that the 2010 targets we have set for ourselves are achievable,” said CEO Sergio Marchionne. “We are also generating cash to finance the investments being made in our product portfolio and brand repositioning,”
Marchionne said that in 2010 alone, Chrysler will launch 16 all-new or refreshed products.
“There has already been an uptick in customer traffic in our dealerships in Q1 and we are confident that Chrysler sales will continue to increase as we launch new products in the second quarter, beginning with the all-new 2011 Jeep Grand Cherokee. Moreover, later this year, Chrysler will launch 16 all-new or refreshed products including the all-new Chrysler 300, Dodge Charger, E-CUV, the iconic Fiat 500, and the Sebring replacement.”
We’re guessing E-CUV stands for an electric crossover utility vehicle – so stay tuned for more details on that.
2011 Jeep Grand Cherokee:
– By: Stephen Calogera