Led by the steady hand of Fiat and Chrysler Group CEO Sergio Marchionne, Chrysler deserves kudos for living up to its promise of a step-by-step plan for financial independence, global growth and a better bottom line.
Chrysler appears to be headed, finally, in the right direction.
Two announcements last week spoke volumes about the automaker's progress.
The debt-refinancing deal will allow the company to repay $6.6 billion in bailout loans from the U.S. and Canadian governments this quarter -- a critical step for Chrysler as it tries to distance itself from the controversial 2009 rescue and to rebuild confidence.
And the announcement that Chrysler Group wants to nearly double global sales of its Jeep brand by 2014 is further evidence that the integration plan is working.
After two years under the management of Marchionne and Fiat S.p.A., Chrysler has come a long way in a short time.
Left without new product, Marchionne's team has updated and restocked the pipeline. Good products are out; more are on the way.
Supplier relations have improved dramatically. And Chrysler has shown pricing discipline in the market, increasing its retail share at a steady pace.
More important, being an integrated part of a successful global enterprise was the best way to guarantee the future for all of Chrysler's stakeholders, including U.S. taxpayers.
With Ford and General Motors dominating the turnaround talk, Chrysler gets lost in the Detroit 3 conversation.
Watch Marchionne. Everything is on plan.