Chrysler Group LLC held a conference call Monday to discuss its financial results for the first quarter of 2010 and provide insight behind the numbers, including an operating profit – the first since the second quarter of 2006.

If this sounds familiar, it’s because the company first announced a $143 million operation on April 21. But this is the first time Chief Executive Officer Sergio Marchionne and Chief Financial Officer Richard Palmer were available to give insight into key financial background and performance milestones. The first quarter operating profit represents a $410 million swing over the fourth...

Several times in recent months we’ve referred to what’s come to be known as the November 4, 2009 Plan, which laid out the goals for a strong, sustainable Chrysler Group LLC. Today, the company released first quarter and 2009 financial results that are in line with many of the goals first announced in that plan six months ago.

The Chrysler Group’s financial results for first quarter of 2010 showed: 

- Chrysler ended Q1 2010 with an operating profit of $143 million.    

- Chrysler net revenues increased to $9,687 million representing a 3 percent increase over the previous...

Sergio Marchionne, Chief Executive Officer of Chrysler Group LLC, said Chrysler Group is on track to break even in 2010 and addressed the future of the company’s dealer network.

Speaking as the keynote at the National Automotive Dealers Association/IHS Global Insight Automotive Forum today, addressing the perennial skeptics of Chrysler Group’s Business Plan, the nature of the partnership with Fiat S.p.A. and its dealership realignment.

Marchionne confirmed that Chrysler Group will indeed break even on an operating basis...