Category: Chrysler Business Plan
Posted by Robert Snell (The Detroit News) on Wed, Nov 4, 2009 at 5:28 PMExec: Automaker will repay taxpayers by 2014
Palmer expects Chrysler will fully repay the government loans in 2014. The automaker and GM have received $62 billion in federal funding.
Chrysler will reach an operating profit break-even point in 2010 and break even on a net-income basis in 2011.
The automaker expects it will have about $7 billion in liquidity at the end of this year.
While a final decision will be made by the automaker's board of directors, an initial public offering is unlikely before 2011, Palmer said.
