Chrysler Wants Another $2 Billion in Government Loans

Chrysler noted that a key component of its viability plan is its product line, which it claims includes 24 vehicle launches in 48 months. That includes the launch of four major models in 2010: redesigned or revamped versions of the Chrysler 300, Jeep Grand Cherokee and Dodge Charger, and a new Dodge Durango that shifts from a truck-based platform to a unibody carlike structure.

Chrysler said 2010 also will be the year that its new Phoenix V6 engine, with improved fuel economy, goes on sale, along with a two-mode hybrid version of the Dodge Ram. Chrysler ditched the two-mode hybrid versions of the Durango and Chrysler Aspen last fall, almost as soon as it introduced them. Chrysler also said it would eliminate another three models. The Chrysler PT Cruiser will end production this summer, and production of the current Chrysler Aspen and Dodge Durango will not be restarted.

As Chrysler has been saying, one of the concept electric vehicles the automaker has displayed at auto shows will also go into production in 2010, though it still did not name which one.

The public portion of the report made no mention of future products coming from Chrysler's alliance with Fiat.

Beyond its request for more money, Chrysler provided little new information about its viability plan, at least in the portion provided to the public. Presumably, a more detailed progress report went to the government. The report said it has in-concept agreements with the United Auto Workers union, its dealers, its suppliers and second-lien lenders for cost-saving concessions, though those were not detailed.

Chrysler also said it needs to eliminate another 3,000 jobs; that's on top of the 32,000 jobs that were cut through the end of last year.

Inside Line says: Where's the beef of Chrysler's report? Likely reserved for government eyes only. — Michelle Krebs, Editor, AutoObserver.com