UPDATE 1-Chrysler on track for breakeven operations in 2010

Newswire

NEW YORK, March 30 (Reuters) - Chrysler Group LLC is on track to break even on an operating basis in 2010 and holds more than $5 billion in cash at the current time, said Chrysler Chief Executive Sergio Marchionne on Tuesday. Marchionne, who is CEO of both Chrysler and Fiat SpA , which operates Chrysler, added that the company's break-even point was substantially lower than most analysts estimated. "To the extent that I'm producing cash, and I keep on investing in the brand portfolio," ...

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