Yesterday, Chrysler presented its updated viability and progress plan to the US Treasury Department, providing the public a glimpse of the carmakers' product portfolio for the future. The 2010 Chrysler 300 which the company claims to have 22 percent better fuel consumption than the present 300 is part of that portfolio.
It will come with the unparalleled Uconnect connectivity although it is not accompanied by details, together with Rear Cross Path and Blind Spot Monitoring systems, stability and traction control. It is noteworthy that the image of the car does not have external mirrors and an HVAC control system.
The plan also consists of timelines for product launches up to 2015. Also included in the viability plan is the 2010 Dodge Charger and 2010 Jeep Grand Cherokee both of which will be introduced late this year or early next year with the 2010 Chrysler 300 and 2010 Dodge Durango close at their heels.
The viability plan includes a cutting of 3,000 jobs and a reduced capacity of 100,000 cars this year to keep in step with falling demand.
Chrysler said that, to avoid bankruptcy, it will need another $5 billion loan by the end of March 2009. The carmaker has already received $4 billion in loans from the US government.
The plan also includes details of an "Orderly Wind Down Scenario" which shows the cost to taxpayers in case the government will not provide the requested loans. Details include between 2 to 3 million job losses incurring a $65 billion income tax losses and $55 billion lost social security receipts enough to collapse.