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Chrysler's Long-Term Recovery Plan Finally Announced
SUGAR LAND--November 6, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--For decades, Chrysler Group LLC (Auburn Hills, Michigan) has been the smallest of the Detroit-Three, the almost forgotten little brother to both Ford Motor Company (NYSE:F) (Dearborn, Michigan) and General Motors Corporation (Detroit, Michigan). However, Chrysler suffered just as much, if not more, than GM when both companies collapsed and eventually entered bankruptcy proceedings earlier this year. Now that Chrysler has emerged from bankruptcy, owned and directed by Fiat SpA (OTC:FIATY) (Turin, Italy), a long-term recovery plan has finally been released dictating the steps the automaker will take to once again be a profitable and ignificant player in the U.S. automotive sector.
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Industry Segment: Automotive
Word Count: 836 Words
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