DETROIT—Chrysler Group LLC reported a third-quarter loss of $84 million Monday but raised its forecast, saying it will report an operating profit and positive free cash flow for the year.

The company posted a net loss of $172 million in the second quarter. There was no year-over-year comparison since the company was reorganized in bankruptcy protection last year.

Third-quarter operating profit was $239 million while revenue was $11 billion.

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