CEO Marchionne Claims Chrysler Will Break Even in 2010

Chrysler is in dire need to new product, but Chrysler CEO Sergio Marchionne recently told a group of reporters that Chrysler is on track to break even this year. He is confident that Chrysler will sell 1.1 million vehicles in the US this year. Additionally Marchionne also said that Chrysler will not get into the incentive war, by boosting the incentives on its vehicles.

The all-new 2011 Jeep Grand Cherokee is expected to enter production on May 3, with sales starting in late June or July. By 2014 more than half of Chrysler’s vehicles will be built on Fiat platforms. It was also reported earlier this week that Chrysler is moving up the introduction of the new 300 to the end of this year instead of early next year.

Full Story: Detroit News

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