Chrysler to Emerge Victoriously according to LaHood

According to U.S. Transportation Secretary Ray LaHood, Chrysler will emerge from its bankruptcy victoriously. LaHood addressed media earlier today at the 2010 Detroit auto show.

LaHood singled out the Auburn Hills-based automaker as leading the pack in its creativity and innovation. Chryslers new designs will "put them in the marketplace like they've never been before," said LaHood. Secretary LaHood also through meeting with Chrysler, that the company was "as creative and innovative" as the best of them.

Chrysler announced its 5-year plan under Fiat's control back in November. The plan offered glimpses of what the company had to offer in the coming years. So far, the Ram nameplate has been separated and marketed as its own brand. The company has also decided to drop a few of its less popular models, as it prepares for incoming Fiat products. Chrysler will be revamping some of its current lineup until Fiat products can make their way to these shores. 

Having bailed out Chrysler and General Motors last year following the companies' bankruptcy, the government has a vested interest in the Detroit automakers.  The Obama administration expressed its "commitment and leadership to get the industry moving again for jobs."