Fiat's Marchionne: Chrysler Is Better Off Than Most Think
By Michelle Krebs November 4, 2009Fiat CEO Sergio Marchionne, in kicking off a six-hour business meeting outlining Chrysler's 
five-year plan, said Chrysler is in better financial shape than the media and outsiders suggest.
He said Chrysler has boosted its cash reserves by $1.7 billion from the $5.7 billion it had on June 10 when it emerged from Chapter 11 bankruptcy. He said at the end of September the automaker was profitable on an operating basis.
Massive cost reductions have been underestimated, he said, adding the company is downright "cheap" in its spending.
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