Chrysler expects to recover cash position in Q4, Marchionne says

Newswire

DETROIT, Oct 30 (Reuters) - Chrysler Group LLC said on Wednesday that it expects to be cash-flow positive in the fourth quarter, as the No. 3 U.S. automaker recovers from what Chief Executive Sergio Marchionne called the "painful" launch of the Jeep Cherokee mid-size SUV. Technical glitches in the Cherokee's new nine-speed automatic transmission forced Chrysler to delay shipment of more than 30,000 Cherokee SUVs. Marchionne said the Cherokee will be in "adequate" supply at ...

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