FACTBOX-Details of Chrysler's turnaround plan under Fiat
DETROIT, Nov 4 (Reuters) - Fiat SpA (FIA.MI) Chief Executive Sergio Marchionne on Wednesday delivered a long-awaited plan intended to turn around Chrysler over the next five years.
The plan, which was presented by Marchionne and other Chrysler executives at the automaker's headquarters, includes changes to Chrysler's design, manufacturing, parts supply operations and brands. [ID:nN0421635]
It also included the first set of financial projections for the No. 3 U.S. automaker since it exited bankruptcy in June.
Highlights from the plan follow:
SALES:
* Chrysler's total global sales to rise from 1.3 mln vehicles in 2009 to 2.8 mln in 2014. That includes a projected increase in U.S. sales from 950,000 to 2 million. International sales are projected to grow from 150,000 in 2009 to 500,000 in 2014.
* Overall, U.S. auto sales recover from 10.5 million in 2009 to 14.5 million in 2014.
* Chrysler's U.S. market share recovers from under 9 percent in 2009 to just over 13 percent in 2014.
FINANCIAL PROJECTIONS
* Revenue projected to rise from $42.5 billion in 2010 to $67.5 billion by 2014.
* Operating profit break-even in 2010. Total operating profit of about $14 billion over the five-year plan.
* Net income break even in 2011.
* Operating cash flow positive in 2011.
* U.S. and Canadian government loans paid back by 2014.
* Total debt to fall from $13 billion at end 2009 to $8 billion by the end of 2014.
* IPO before 2014 but "highly unlikely" to occur before 2011. Chrysler board will set timing. Continued...

