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.

If you liked the article, share on:

Comments

Recommended

The new 2018 Ford Mustang GT, when equipped with its optional Performance package, will be able to produce 460 horsepower. It also comes fitted with Michelin Pilot Sport 4S tires...
by - October 19, 2017
It’s not as if the Porsche 718 Boxster and Cayman are not already impressive cars. The automaker has just given us more reasons to love the twins. The 2018 model...
by - October 19, 2017
After months of dropping online teasers, Polestar finally reveals its very first production car virtually. The Polestar 1 is a two-door coupe that gets its design inspiration from the 2013...
by - October 19, 2017
While the official premiere of 2018 Jeep Wrangler (JL/JLU) is already set this December, fans everywhere rejoiced at having had something like this appear on the web. Yes, everything we...
by - October 19, 2017
South Korean carmaker Kia will try to follow up the success of its Sportage compact sports utility vehicle by introducing a smaller SUV (subcompact) in the United Kingdom in the...
by - October 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries