Chrysler Plans Five New Models by Mid-2011 and to Rehire Some Workers

Chrysler and Fiat Chief Executive Officer Sergio Marchionne is set to submit a five year plan to the company’s board of directors Friday. In his plan, Marchionne is calling for facelifts of at least five models by mid-2011. This would include the Dodge Caravan and Chrysler Town & Country, Dodge Caliber, Jeep Compass and Jeep Patriot. Chrysler is also working on an update for the aged PT Cruiser.

Marchionne wants the updates completed within 18 months, which would normally take 2-3 years. To meet this goal Chrysler’s current workforce is expected to work overtime and some of the workers that were laid off may be rehired.

Of course all of this is dependent on if the board approves the plan and if it does then it will be sent to to President Barack Obama’s auto task force next week.

Full Story: Detroit Free Press