On Monday automaker claimed that it has managed to reduce its second quarter loss. After posting second consecutive quarter of operating profit and increase both in terms of sales as well as revenue, the loss for it stood at, $172 million.

Operating income of the company stood at $183 million. This also included one-time charges and was better by $40 million as compared to the first quarter.

The company has attributed the loss to the interest payments that it had to make to return government loans. The interest payments were $25 million lesser than last quarter.

Revenue rose by 8.2 per cent as compared to first quarter and ended at $10.48 billion. The comparison could not be made since the pre-recession data is not available.

Chrysler has managed to raise its cash reserve from $400 million to $7.8 billion. The net debt has increased from $3.4 billion to $5.7 billion for America and $1.2 billion that it owes to Canada.

Talking about this, CEO of Chrysler, Sergio Marchionne said that the results have shown that Chrysler is coming back on track.