Chrysler to unveil business strategy

FRANKFURT: Chrysler Group LLC will present a five-year business plan by the end of November that will outline numbers and the path out of two years of difficulties, its chief executive said yesterday.

Sergio Marchionne, who is also head of Italian car maker Fiat, told reporters at the Frankfurt Motor Show the restructuring of Chrysler was more difficult than he initially thought and would be a "slow progress".

"We have to be absolutely clear about what we want to do with Chrysler and as a management team, where the organization is going to be in five years," Marchionne said.