Chrysler to Continue "Normal" Operations for 30 More Days

The American soap-opera involving Chrysler and General Motors continues, this time with a statement from Chrysler LLC Chairman and CEO, Bob Nardelli. Just as expected, the whole statement is actually a "OK boss, we'll do it, we have no other alternative" reply and, similar to the ones issued by General Motors, the company doesn't actually send a clear message, other than emphasizing its commitment to get back on track and continue its operations.

And speaking of operations, this seems to be only clear information Chrysler mentioned in the statement. The automaker will continue to operate as "usual" over the next 30 days, Bob Nardelli said in a statement, which underlines the need for financial support after the end of April 30.

As you probably know, the United States Task Force has given Chrysler a 30-day period to continue negotiations with Fiat over a possible alliance. As part of the deal, Fiat would gain a 35 percent stake in Chrysler and will use the American automaker's dealership network to sell models across the states while Chrysler will import and sell in the US a number of fuel-efficient vehicles produced by the Italian company.

Obviously, Chrysler said it will continue negotiations with the Italian automaker but also expressed satisfaction regarding talks with the US officials over the restructuring process.

Here are a few and less boring paragraphs from Chrysler's statement:

"We are pleased that Chrysler, Fiat and Cerberus have reached agreement on the framework of a global alliance, supported by the U.S. Treasury. Chrysler has consistently said that the alliance with Fiat enhances its business model that expands its global competitiveness. We appreciate the willingness of the Task Force, along with industry and financial experts, to consult closely with us in order to achieve this significant step.

Chrysler has had a series of very constructive discussions since our plan was submitted February 17, including weekly face-to-face meetings with the Task Force. We have been impressed by their speed, diligence, good faith and strong grasp of the difficult issues our industry faces in this financial crisis. This is evidenced by the U.S. government's initiatives to support consumer warranties and suppliers, as well as their appointment of Dr. Edward Montgomery, Director of Auto Recovery.

I want to personally assure all of our customers, dealers, suppliers and employees that Chrysler will operate 'business as usual' over the next 30 days. While we recognize that we still have substantial hurdles to resolve, Chrysler is committed to working closely with Fiat, the Administration, U.S. Treasury and the Task Force to secure the support of necessary stakeholders. If successful, the government will consider investing up to the additional $6 billion requested by Chrysler to help this partnership succeed."