"We are still burning cash, but it's slowed down by far," Marchionne said in an interview with Bloomberg. "The question is how quickly we can stop the bleeding. That is priority No. 1."
As we're sure you know, Chrysler is currently undergoing a massive restructuring, as Fiat will bring new models, engines, production lines and platforms to refresh the American manufacturer's vehicle lineup. Fiat is now holding 20 percent stake in Chrysler but will be raised to 35 percent after the Detroit-based automaker pays the loan to the US government.
Separately, Marchionne revealed that Alfa Romeo models could arrive in the United States under the Dodge brand while Dodge's model might reach several European markets as Alfas.
The Alfa 169 will be manufactured in Brampton, Ontario at the Bramalea production facility, with first models expected to roll off the assembly lines as soon as November 2011. The car will rely on the LX platform, similar to Chrysler 300 and Dodge Charger. As for the Charger, production of the 2011 model has been postponed to November 2010 while the future Chrysler 300 won't arrive sooner than January 2011. The reason? The numerous plant halts that occurred in the US following Chrysler's bankruptcy filing.
Fiat will also bring the MiTo in North America in July 2011, with the Belvidere Assembly Plant to be responsible for the production of this particular model.
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