Chrysler’s road show for investors to back its $6 billion debt plan has met just so-so reviews, forcing the company to pare back its plan for a $3.5 billion loan by $1 billion, and add that $1 billion to its bond sale.
Dodge brand chief Ralph Gilles also told The Detroit News that the company isn’t speeding up the five-year plan it laid out in 2009. That means Chrysler’s newest compact car — a replacement for the Dodge Caliber — is still about a year away.
MP notes – what will replace the Caliber ? It will be interesting to see..