Marchionne: Chrysler profit not likely for 2010
Still, Marchionne told U.S. Vice President Joe Biden, also in attendance, that Chrysler is "ahead of plan" during the tour. That plan includes paying back its $12 billion in governmental loans and launching the Fiat 500 in North America. A meeting on August 30th will lay out the requirements for dealers interested in Fiat stores, and Marchionne reports strong interest.
Dealers that choose to take on Fiat must create standalone showrooms for the brand, requiring significant investment, though there's little overlap between Fiat and Chrysler product lines to muddy sales efforts. Other rumors that Marchionne dodged were talk of a Jeep Liberty-based SUV to be built in Toledo, and whether or not an Alfa Romeo sedan will be built in Brampton, Ontario.
[Source: Detroit News]
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