Chrysler plans to roll over in 5 years

The photo shows a cloud (pictured April 30) in the tail panel of a Chrysler PT Rover car in the Italian capital, Rome. Marchionne, CEO of the Xinhua News Agency, Chrysler Group, announced 4th the next 5 years of development plans.　　　　Once the plan is realized, Chrysler will double its car sales in 5 years and pay off government loans.　　This is the first time a new Chrysler has unveiled a development plan since the Italian carmaker bought the Chrysler company.　　At the headquarters of Chrysler Group in Detroit, Marchionne, accompanied by 24 senior executives, announced the plan.　　The new Chrysler expects its global sales to increase from 1.3 million vehicles in 2009 to 2.8 million in 2014.　　The carmaker estimates that overall U.S. car sales will increase from 10.5 million in 2009 to 14.5 million in 2014, with Chrysler sales rising from 950,000 to 2 million, and the U.S. car market share from 9% to 13%.　　The company is expected to reverse the loss in 2010, in 2011 to achieve income tax and amortization of profits before 2.5 billion to 2.7 billion U.S. dollars, 2014 net profit reached 3 billion U.S. dollars. By 2014, the company is expected to pay off U.S. and Canadian government loans.　　　　The new Chrysler plans to offer a public offering 2014 years ago. Some analysts doubt whether the plan is realistic.　　They think Chrysler may not be able to get out of the trouble so quickly and win over the trust of American consumers in their products.　　Chrysler's car sales fell 30% per cent this October, while General Motors rose for the first time after nearly two consecutive years of monthly sales.　　Chrysler, which has lost 39% of its sales in the United States in the past year, is still relying on much more than its rivals to lure customers.　　Marchionne said Chrysler has been "silent" for 5 months, even at the expense of falling car sales, to work out the plan.　　Ribecca Lindland, an automotive industry analyst at the US Global Vision Co., told The Associated Press that Chrysler's forecast of sales was an optimistic assumption that "everything has to be perfect" in order to achieve the plan. Jackson, chief executive of America's largest car dealership, said: "Chrysler has faced the toughest challenges in every respect and needs Marchionne to do whatever it takes to cope."　　"Determined Marchionne said he knew some people would suspect or even not believe in the plan, but he believes he can make Chrysler a better man by his experience of leading Fiat 5 years ago."　　Fiat and new Chrysler are "intertwined", he said, and the new Chrysler has access to fuel-saving technologies and engine technologies that have not previously been available. Fiat acquired 20% per cent of Chrysler in accordance with Fiat's acquisition of the Chrysler agreement reached in June this year. In exchange, Fiat needs to help Chrysler revamp its aging production line. ChrisLe automobile company renamed Chrysler Group, or informally called "New Chrysler". Before the reorganization of Chrysler products to the American public impression is loud, poor performance, especially those medium-sized car products.　　Midsize cars are just the mainstream of American car products.　　Marchionne said that as of 2014, half of Chrysler will be produced on the Fiat development platform, and 40% of Chrysler will use Fiat engines.　　The new Chrysler expects to save about $2.9 billion trillion in spending over the next 5 years by purchasing auto parts with Fiat. Marchionne said the plan would push Chrysler engineers and dealers to the limit. (SA)