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Chrysler has just released its 177-page "Viability Plan." It will no doubt take plenty of time to go through (and this, of course, was unintentional on Chrysler's part). In the interim, some highlights:
---Chrysler wants $5 billion by the end of March for "working capital and other operating expenses." This would mean a total bailout purse of $9 billion, an increase over the $7 billion requested in December.
---The theme is "pay us now or it's going to cost you more money than you can possibly imagine--- or print." This sounds suspiciously like like some word I learned once. Axtortion? No. Extourtan? What was it?
---There's plenty of bankruptcy and liquidation analysis, projecting what the costs would be if they went bust.
---The "Stand Alone" business plan includes a $600 million profit in 2010, followed by a loss of the same amount in 2011, then another loss of $600 million in 2012, then a break-even year in 2013, followed by a projected $1B in profits in 2014.
---24 product launches in 48 months. I can only assume they are counting different paint colors as individual product launches.
---Fiat could, in theory, take another 20% stake of Chrysler for a majority share of 55%.
---"No American taxpayer money would go to Fiat." Semantics.