Wednesday, November 4, 2009

Chrysler offers revival plan but skeptics remain | Reuters

fiat-chrysler-mergerturnaround plan hinges on a range of upbeat assumptions: Chrysler will have to recover market share lost as it slid toward bankruptcy, the U.S. market needs to stage a gradual recovery and Fiat will need to find new overseas markets for Chrysler models led by its Jeep brand.

Chrysler would break even on an operating basis in 2010 and on a net basis by 2011. He said the automaker had built up its cash since it emerged from a fast-track bankruptcy

Marchionne also steered clear of a key question for Chrysler's workers: he did not say where it will build the new models now on the drawing board,

By 2014, he said half of Chrysler's cars would be built on platforms developed by Fiat and 40 percent would have engines supplied by the Italian automaker.

Click on the following for more detailsChrysler offers revival plan but skeptics remain | Reuters

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