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, 12:28 PM EST
Published : Wednesday, 04 Nov 2009, 12:26 PM EST
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.
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