Alright, today is the day Chrysler submitted their viability plan to the Treasury so let the speculation begin. I have been waiting a while for the final plan to be released and it turns out I will have to wait a little bit longer. But hey, progress is progress and anything that helps them out is something I am for. Read on for some details of the plan.

The plan that was submitted to the Treasury today was based on several stipulations made by the government for loan approval. I was a little disappointed to learn that final plans are not to be inked out until March 31st of this year. Parts of the plan include:

–> Repayment of the loans starting in 2012

–> Annual unit reduction of 1.8 million per year

–> Concessions of dealers and suppliers to cut costs

–> UAW tentatively agreeing on plan based on Treasury conditions

–> Introduction of 24 new products in the next 4 years (including new electric vehicles)

–>  Additional 2 billion dollar loan to combat shrinking automotive demand

With these details in mind, some thoughts pop into my head as to what could possibly go wrong when the end of March rolls around. First and foremost, I am worried that the UAW and Chrysler will not be able to come to a constructive agreement and there will be conflict that will push the deal back. The idea of a tentative agreement says to me that they were unable to forumulate a good plan and had to throw something together in order to meet the preliminary deadline. The next thing I am not too confident about is their plan to release 24 new models within the next 4 years. Sure, they should be releasing more and more innovative electric vehicles, but 24 seems like a few too many to me. If they are commited to cutting costs and becoming lean, how is the addition of a ton of new models going to keep with that plan. However, it is a plan at this point and who knows what will happen with the economy in the next few years. Maybe some of this stuff may actually pan out. I certainly hope so…Big_Blocker out.