Chrysler exec backs plan, hopes to avoid new cuts

Newswire

WASHINGTON, Jan 22 (Reuters) - Chrysler LLC has a "realistic" business plan in place and "hopes to avoid" future buyouts or other downsizing due to U.S. economic woes, the company's president said on Tuesday. Jim Press, who is also vice chairman, said at the Washington Auto Show that industry investment in alternative fuels technology must "come first," even if it means automakers delay expansion or other strategic decisions. Press said Chrysler has positioned itself to deal with a ...

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