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Chrysler Viability Plan Claims Loan Could Be Paid Back In 2012

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MotorTrend looks at Chrysler's viability plan and pulls these highlights and more:

• Does Chrysler have a viable plan? With our requested bridge loan - absolutely! I also believe that further partnership, restructuring and consolidation would make the U.S. auto industry even more viable and competitive in the long run. Further opportunities for technology sharing would provide fuel-efficient cars and trucks more cost effectively and faster to market. The three-company alliance that developed the dual-mode hybrid is a good example. As a Country, we should not trade our current dependence on foreign oil for a future dependence on foreign technologies.

• The final question is, when will Chrysler pay back this loan? We believe we will be well positioned to begin repayment of the federal loans -- in 2012. I recognize that this is a significant amount of public money. However, we believe this is the least costly alternative considering the depth of the economic crisis and the options we face.

Without an immediate working capital bridge, Chrysler's liquidity could fall below the level appropriate to ensure operations in the ordinary course by the first quarter of 2009.

Read the full Chrysler viability plan (PDF)