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Chrysler CEO: Auto Industry Extremely Competitive

Monday, 9 Jan 2012 | 8:37 AM ET

"We are all pushing," says Sergio Marchionne, Fiat & Chrysler CEO, "it's a great environment to be in." Marchionne says the auto industry is extremely competitive right now and automakers understand they need to "make a buck to make a next car or else the next car ain't coming."