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Chrysler president says company 'alive and well'
1/23/2009, 12:50 p.m. ET

NEW ORLEANS — The president and vice chairman of Chrysler LLC says his company is "alive and well," and that 2009 will be about facing economic realities.

Jim Press told analysts Friday at a J.D. Power and Associates roundtable in New Orleans that Chrysler is investing in new products and planning for lower sales volume.

Press says Chrysler shouldn't need more bailout money from the government than the $7 billion in loans it already requested. Chrysler received $4 billion this month and hopes to get the other $3 billion after it submits a viability plan.

Chrysler's financial arm also received a $1.5 billion loan from the Treasury Department last week that let Chrysler start offering zero-percent financing. The company added other incentives Thursday include rebates and employee pricing.

Press says the company hopes the incentives will help Chrysler sell its way out of its situation.

LINK:Chrysler president says company 'alive and well' - NewsFlash -
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