WARREN, Mich. (AP) -- Chrysler LLC Vice Chairman Jim Press says the U.S. economy probably won't improve until late 2009 or 2010.
Speaking Friday at a Warren, Mich., factory to celebrate the launch of the new Dodge Ram pickup, Press said the economy has reached a point where bad news is coming to an end, but good news hasn't started yet.
He said, "We're probably in this for another year, year and a half."
Press says Chrysler will be ready by the time the economy improves because it has right-sized its business and has seven new models coming out by then. He would not identify the models except for a subcompact to be built in conjunction with Nissan Motor Co.
Press says, "We'll be able to rise when all boats go up with the ocean."
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