Marchionne expects Chrysler to break even at the end of this year

[Chuck]

“I feel a lot more comfortable today than I did 12 months ago.”

Justin Hyde - FREEP - Mar 31, 2010

They are still in the ICU --Ed.

New York – Neither rain nor ice nor Teamsters protests nor hotel fire alarms kept Chrysler CEO Sergio Marchionne from spreading the word that Chrysler is on the mend – whether an audience of auto dealers believed it or not.

The rumpled Italian executive said this morning he was more confident than ever in Chrysler’s plan, adding that the automaker had just under $5 billion in cash at the end of 2009 and would break even this year.

Worries about whether Chrysler could meet its plan “was a song we had heard before and we were not fazed,” Marchionne said.... [Read More]

[xcel]

Hi Chuck:

___Until I see a real uptick in Chrysler sales, I do not see profitability at all. Their sales continue to come in worse than the comparison months from the year prior and this has been going on almost unabated for the past two years

___Good Luck

___Wayne

[MaxxMPG]

Is it time to start playing this song yet?