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.

The judge who ruled on the case cited no alternative to the bankruptcy but a fast liquidation of the assets to save the value of Chrysler. The move was opposed by certain consumer groups, an Indiana based pension funds firm, and about 789 Chrysler dealerships. These groups see the move as done in haste and that Chrysler is getting rid of dealerships unnecessarily.

In the wake of the take over, Chrysler was forced to abandon thousands of units in the assembly with engines and components also unfinished. Several plants were also closed down. The halt of the production leads auto experts to assume that there will be delays in the launch of important projects like the new Grand Cherokee of Jeep and the next gen Chrysler 300.

On the other side of the story, Italian car maker Fiat is set to market the 500 minicar in the United States dealerships of Chrysler. The launch is estimated to be 18 months from now.

Fiat executives clarified that the 500 minicar will be the only unit carrying the badge of Fiat. It is hoping to copy the success of BMW in relaunching the Mini several years back.

There are also plans for Chrysler to build units derived from the platform of Fiat. It was made clear that Fiat will not just rebrand their line-up to market in the US.

When Fiat brings in the Fiat 500 minicar, there is a buzz going around that it will be inevitable for the other car makers to compete with the small Italian car.