Chrysler Group LLC CEO Sergio Marchionne arrives for a news briefing at the automaker's headquarters in Auburn Hills, Mich., Wednesday, Nov. 4, 2009. (AP Photo/Carlos Osorio)
Chrysler cash up, new cars introduced
3 new Dodge cars by 2013
Updated: Wednesday, 04 Nov 2009, 11:28 AM CST
Published : Wednesday, 04 Nov 2009, 11:26 AM CST
AUBURN HILLS, Mich. (AP) - Chrysler CEO Sergio Marchionne says the automaker is on firmer financial footing as it attempts to revive the company's sagging fortunes.
Chrysler is announcing a new business plan at a daylong event Wednesday, including the introduction of three new Dodge cars by 2013 and new exteriors, interiors and engines on most of its current lineup.
A key component of the plan is a midsize sedan based on a bulked up Fiat design. Chrysler hopes the car will make it more competitive in midsize sedans, the largest segment of the U.S. car market.
Marchione says Chrysler had $5.7 billion in cash at the end of September, up more than a billion dollars since the company emerged from bankruptcy protection in June. He also says Chrysler was breaking even for the month of September.
Comments that are derogatory, attack other users, offer unsubstantiated facts, use foul language or are offensive in nature can and will be removed as defined by the Terms of Service. FOX 11 is not responsible for the content posted in this comment section. We reserve the right to remove any offensive or off-topic remark or thread. To mark a comment for review by a moderator, click "Report."
 | The FOX 11 Job Finder A community resource for area employers and job seekers. Employers may submit job listings for free. | Latest Job Listings |
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement
