Fiat has been acting fast and playing it hard to help Chrysler boost its number and return to profitability. Amid the uncertain recovery of the U.S. and the seesaw exchange rates, the new Chrysler CEO Sergio Marchionne is very optimistic that the company will be reversing its fortunes and be tallying profits as early as 2011.

The CEO is expected to let the stakeholders and the public know about the 5-year plan of Chrysler by early November. The plan is expected to include selling shares to the public by 2011 and make the quarterly financial report of the company public by next year.

The move seems to get the nod from business analysts and the auto industry community. Some experts foresee Chrysler to report about $841 million in operating profit by next year but declare a net loss of about $169 million as 2010 ends. When 2011 comes, these figures will jump up to $2.45 billion in operating profit and a $952 million net income. Analysts say that these figures might be too good for Chrysler before but is very doable today.

Prior to Marchionne’s take over of the top post, Chrysler was listed as a private company under the Cerberus Capital Management Chrysler. Being a private company, it was not required to publish or release the details about its finances. Some reports are putting the losses at the $6.8 billion mark tracing it as recent as 2007. The company was able to get to a clean sheet after General Motors declared bankruptcy to resolve its problems.