Chrysler to sell new Fiat designs under Dodge nameplate

Chrysler Group LLC plans to introduce three new Dodge brand cars, and possibly a midsized truck as part of a larger plan to rejuvenate the brand and sell more vehicles. The beleaguered automaker also said its finances are improving, reporting it broke even in September and had $5.7 billion in cash on hand. That's up from $4 billion in June, the month in which the company exited bankruptcy protection following a deal with Fiat (FIATY) which gave the Italian automaker a controlling stake in Chrysler.

The three new cars -- a subcompact, a compact sedan and a midsized sedan -- are Fiat designs, the New York Times reported, citing advance copies of presentations given to reporters. The presentations are part of a daylong meeting Chrysler is holding Wednesday at its headquarters in Auburn Hills, Mich., to lay out its five-year plan to reorganize and once again become profitable.