Press: Chrysler sales sufficient

In spite of a 44 percent drop in February sales, Chrysler Vice-Chairman Jim Press says the volume is sufficient to keep the company going as sales should rise in the coming months. February is typically a slow month for light vehicle sales.

In an interview with the Associated Press, the Chrysler executive noted the automaker’s February retail sales were better than Ford’s as Chrysler continued to curtail lower-margin fleet sales. He also said the volumes being forecast for 2009 are within the estimates Chrysler envisioned in preparing its viability plan for the federal government.