Chrysler Group LLC posted a second-quarter net loss on Monday and said it still had an extraordinary amount of work to complete, but its restructuring was on track and it could raise its financial outlook later this year.
Chrysler, which emerged from a U.S.-government supported bankruptcy in June 2009 under the management control of Italy's Fiat SpA
The automaker left intact its 2010 forecast, including a minimum of breakeven an operating basis, but said it would probably be revised upwards based on third quarter results.
The No. 3 U.S. automaker said its net loss had narrowed to $172 million in the second quarter from $197 million in the first quarter. The year-earlier quarter included only a few weeks of the new Chrysler and is not comparable.
Net revenue rose 8.2 percent to $10.5 billion in the second quarter from the first three months of 2010.
(Reporting by David Bailey; Editing by Lisa Von Ahn)