Chrysler is prepping two feasibility plans for the U.S. Congress

Article by Christian A., on August 29, 2010

In an interview the other day at the Chicago event, Frank Klegon, an executive vice-president for Chrysler, said that the company is prepping two feasibility plans for presentation to the US Congress next week.

The Detroit Big Three are set to present a restructuring plan on February 17 to Congress for them to keep the $4B aid it got from the government in 2008.

If Chrysler succeeds in convincing the government that it could be financially feasible, it could lay hands on another $3B. Chrysler will present its plan as a stand-alone company and another plan that will include a merger with Fiat.

Klegon assures that either way Chrysler will survive the current economic downturn. The Chrysler-Fiat tandem will be a symbiotic partnership where Chrysler will have access to Fiat's small car designs and powerplant together with Fiat's foreign sales network and Fiat, on its side of the bargain, would have access to Chrysler's dealership connections which is the largest in the world, up until last month, that is.

It was not disclosed which particular products were to be shared. Meanwhile Klegon also confirmed that the deal with Nissan is still ongoing although no paper-signing has been done yet.

Chrysler intends to built the next-gen Titan pick-up truck for Nissan and the latter is said to be providing Chrysler a small car derived from the Versa.

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