UPDATE 6-Chrysler not burning cash, sees savings-Fiat CEO
* Fiat CEO Marchionne presents 5-year Chrysler plan
* CEO says Chrysler not losing money
* Plan central to U.S.-taxpayer recovery from Chrysler
* Sees $2.9 bln in cumulative cost savings from purchasing
* Forecasts break-even on a net profit basis by 2011
(Adds CFO projections)
By Jo Winterbottom and Soyoung Kim
DETROIT, Nov 4 (Reuters) - Chrysler is making an operating profit and building cash, the No. 3 U.S. automaker's boss told reporters and industry executives on Wednesday as he unveiled a five-year plan to turn the company around.
Sergio Marchionne, chief executive of Fiat SpA, which controls Chrysler, said the automaker generated about $200 million of operating earnings in the third quarter, which it closed out with $5.7 billion in cash, up from $4 billion when it exited its U.S.-sponsored bankruptcy in June. Continued...
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