In an interview the other day at the Chicago event, Frank Klegon, an executive vice-president for Chrysler, said that the company is prepping two feasibility plans for presentation to the US Congress next week. The Detroit Big Three are set to present a restructuring plan on February 17 to Congress for them to keep the $4B aid it got from the government in 2008.
If Chrysler succeeds in convincing the government that it could be financially feasible, it could lay hands on another $3B. Chrysler will present its plan as a stand-alone company and another plan that will include a merger with Fiat. Klegon assures that either way Chrysler will survive the current economic downturn.
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