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FIRST ON CNBC: CNBC'S PHIL LEBEAU SITS DOWN WITH CHRYSLER CHAIRMAN & CEO ROBERT NARDELLI TODAY ON "SQUAWK BOX"

WHEN: TODAY, TUESDAY, MARCH 17TH

WHERE: CNBC'S "SQUAWK BOX"

Following is the unofficial transcript of a FIRST ON CNBC interview with Chrysler Chairman & CEO Robert Nardelli on CNBC's "Squawk Box" this morning, Tuesday, March 17th. This is Nardelli's first interview since meeting with the Obama Auto team.

All references must be sourced to CNBC.

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LEBEAU: WE'RE JOINED BY CHRYSLER CEO BOB NARDELI FOR A LOOK, THE FIRST TIME THAT ANYBODY'S HAD A CHANCE TO TALK WITH YOU SINCE YOU SAT DOWN WITH THE OBAMA AUTO TEAM IN WASHINGTON. WHERE DO THINGS STAND RIGHT NOW IN TERMS OF YOUR DISCUSSIONS? CHRYSLER'S DISCUSSIONS WITH THE AUTO TASK FORCE?

NARDELLI: WELL, PHIL, WE'VE HAD VERY SUBSTANTIVE DISCUSSIONS. I'VE HAD THE OPPORTUNITY TO HAVE FACE-TO-FACE MEETINGS, ONE IN WASHINGTON AND ONE HERE IN DETROIT JUST LAST WEEK.WE'VE HAD CONTINUOUS DIALOGUE ON GOING BASIS. I THINK THE TEAM IS DOING A GREAT JOB.THEY'RE ENGAGED. THEY'RE ASKING GREAT QUESTIONS. THEY'RE REALLY IN THE DATA GATHERING MODE RIGHT NOW. SO I'M VERY PLEASED WITH BOTH STEVE AND RON AND THEIR TEAM AND THE LEVEL OF INVOLVEMENT.

LEBEAU: DO YOU THINK YOU'RE GETTING A FAIR SHAKE?LET'S BE HONEST HERE.THE GENERAL PUBLIC OUT THERE LOOKS AT THIS AND THEY SAY I'M NOT REALLY SURE THE AUTO TEAM THINKS THAT CHRYSLER SHOULD BE A PART OF THE FUTURE OF AMERICAN AUTO INDUSTRY. IS THAT A MISPERCEPTION?IS CHRYSLER GETTING A FAIR SHAKE FROM THIS AUTO TEAM?

NARDELLI: I THINK WE'RE GETTING A VERY FAIR SHAKE. I HAD NO SENSE THAT THEY CAME IN WITH A MANDATE OR PRECONCEIVED NOTION. THEY'VE BEEN VERY CLEAR NOT TO TELL US DON'T READ ANYTHING INTO OUR QUESTIONS. DON'T READ ANYTHING INTO OUR BODY LANGUAGE. BUT FULLY ENGAGED.I WOULD TELL YOU SEVEN DAYS A WEEK, INCLUDING SATURDAY AND SUNDAY.SO I'M VERY PLEASED WITH THE LEVEL OF INVOLVEMENT AND CERTAINLY THE EXPERIENCE THAT THIS TEAM BRINGS TO THE DECISION.

LEBEAU: YESTERDAY STEPHEN RANT IN A NUMBER OF INTERVIEWS TOOK THE BANKRUPTCY POSSIBILITY OFF THE TABLE. OR AT LEAST DIMINISHED THE LIKELIHOOD OF IT. HERE IS ONE OF THE COMMENTS HE MADE IN ONE OF THE INTERVIEWED HE DID YESTERDAY. HE SAID, SOMETIMES IT'S NECESSARY IN ORDER TO SOLVE PROBLEMS THAT CAN'T BE SOLVED OUTSIDE OF BANKRUPTCY. OUR GOAL IS TO SOLVE THEM OUTSIDE OF BANKRUPTCY TO THE MAXIMUM EXTENT POSSIBLE.HAVE THEY ESSENTIALLY SAID WE DON'T WANT CHRYSLER TO GO BANKRUPT?

NARDELLI: NO THEY HAVEN'T SAID THAT. WHAT THEY HAVE SAID IS THAT THEY'RE VERY INTENT ON PRESERVING, YOU KNOW, 40,000, 50,000 DIRECT JOBS. CERTAINLY PRESIDENT OBAMA AND HIS ADMINISTRATION ABOUT PRESERVING OR CREATING JOBS.

LEBEAU: SO THE 40,000 OR 50,000 AT CHRYSLER THEYRE INTENT ON PROTECTION AND PRESERVING THOSE?

NARDELLI: THAT'S THE SENSE I GOT.NOW I WOULD TELL THAT YOU ALL OPTIONS ARE STILL ON THE TABLE.THEY HAVEN'T DEFINITIVELY SAID BANKRUPTCY IS OUT OF THE QUESTION.SO, AGAIN, I THINK THEY'RE BEING VERY CAREFUL AND VERY GUARDED NOT TO SIGNAL ANY KIND OF A DECISION. BUT I WOULD TELL YOU THEY HAVE CERTAINLY ENCOURAGED US THAT THEY REALLY WANT TO TRY TO PRESERVE THE JOBS HERE IN THE UNITED STATES.

LEBEAU: LET'S TALK ABOUT HOW MUCH CASH YOU HAVE ON HAND AND HOW MUCH YOU'RE IN NEED OF.YOU ASKED FOR ANOTHER $5 BILLION. OVER THE WEEKEND, YOUR CFO DOES AN INTERVIEW AND IN IT HE IS ASKED ABOUT YOUR CASH POSITION. HE SAYS THE NEXT CRITICAL LOW POINT IN CASH FOR CHRYSLER IS THE JULY SHUTDOWN. THIS HAS CAUSED A BIT OF CONFUSION OUTSIDE ON THE STREET.PEOPLE ARE LOOKING AT THIS AND SAYING, WHAT? THEY HAVE TO HAVE MONEY BY JULY OR GOING BANKRUPT BEFORE THEN? WHERE DOES CHRYSLER STAND RIGHT NOW IN TERMS OF HOW MUCH CASH YOU HAVE ON HAND AND WHEN DO YOU NEED THE NEXT INSTALLMENT FROM THE GOVERNMENT?

NARDELLI: WHAT WE SAID AGAIN IS WE'RE WORKING VIGOROUSLY TOWARDS THE MARCH 31st DATE.IT IS THE DATE THAT WAS SET BY THE PRIOR ADMINISTRATION.SO WE'RE TRYING TO BRING EVERYTHING TO A HEAD TO CULMINATE TO A DECISION. UNFORTUNATELY, I THINK WHEN RON WAS TALKING ABOUT CRUNCH PERIODS, AS YOU KNOW, PHIL, THERE'S A SEASONALITY.AND WHEN WE SHUT DOWN OUR FACTORIES, WE STOP GENERATING REVENUE BUT WE CONTINUE TO PAY THE SUPPLIERS AND BILLS.SO THERE ARE TWO SEASONS. THERE IS THE DECEMBER-JANUARY AND, OF COURSE, JULY-AUGUST SHUTDOWN. SO THERE WILL BE CASH CRUNCH. BUT NOT A LIQUIDITY PROBLEM.WHEN WE ASK FOR $5 BILLION THAT, IS TO CARRY US THROUGH THE PERIOD.

LEBEAU: BUT AS YOU STAND RIGHT NOW, AS A COMPANY, YOU NEED AN ANSWER FROM THE FEDERAL GOVERNMENT BY MARCH 31st ON THIS REQUEST FOR $5 BILLION?

NARDELLI: YES. WE'RE DRIVING FOR THAT DATE FOR A LOT OF REASONS.ONE IS OBVIOUSLY WE HAVE A RESPONSIBILITY TO MAKE SURE THATIF THE ANSWER IS NO, WHICH WOULD BE DEVASTATING, WE HAVE TO HAVE ENOUGH LIQUIDITY TO MAKE SURE THAT IF IT IS A BANKRUPTCY THAT WE HAVE AN ORDERLY WINDDOWN. THAT WE CAN CONTINUE TO PAY SUPPLIERS AND EMPLOYEES AND UNION AND HEALTH CARE COSTS. SO WE CAN'T RUN THE CHECKBOOK TO ZERO.

LEBEAU: RIGHT.

NARDELLI: SO IT'S IMPORTANT AND WE SAIDPUBLICLY AROUND $2.5 BILLION OF LIQUIDITY IS KIND OF A LOW WATER MARK FOR OUR COMPANY.

LEBEAU: YOU HIT THAT BY MARCH 31st.SO YOU NEED AN ANSWER, DEFINITIVE ANSWER BY MARCH 31st?

NARDELLI: WE'RE LOOKING FOR AN ANSWER.

LEBEAU: BUT YOU'RE GETTING CLOSE TO HITTING THAT MARK?

NARDELLI: THAT'S THE DATE WE'RE WORKING TOWARDS. I THINK IT'S IMPORTANT, YOU KNOW, TO REACH A CONCLUSION ON THIS.

LEBEAU: BOB, JOE KERNAN ALONG WITH CARL AND BECKY, JOE HAS A QUESTION FOR YOU THIS MORNING.JOE, GO AHEAD.

KERNEN: THANKS, PHIL. BOB, HAVE YOU SEEN ANY UPTICK AT ALL OR AT LEAST A STABILIZATION OR THE WORSENING, MAYBE NOT OCCURRING AS QUICKLY? I MEAN ANYTHING AT ALL, A GLIMMER OF HOPE IN THE CAR BUSINESS?

NARDELLI: YEAH.JOE, FOR US, WE WERE VERY ENCOURAGED WITH FEBRUARY'S PERFORMANCE.AS YOU KNOW, THE U.S. TREASURY THROUGH THE T.A.R.P. FUNDS PUT ADDITIONAL MONEY INTO THE FINANCE COMPANY. AND WE WERE ABLE THEN TO GO OUT AND MATCH THE COMPETITION. WE GAINED ABOUT OVER A POINT OF SHARE IN FEBRUARY. AND WE MOVED TO NUMBER TWO IN DETROIT RELATIVE TO PURE RETAIL SALES. SO WE WERE ENCOURAGED WITH THAT ON OUR OWN PERFORMANCE. BUT, JOE, I WOULD TELL THAT YOU WE HAVEN'T SEEN ANYTHING OUT THERE THAT WOULD SUGGEST WE HAVE BOTTOMED OUT AT THIS TIME.

KERNEN: WHAT DOES THE -- THE ONLY OTHER QUESTION I CAN THINK OF AS I LOOK AT ALL THE MYRIAD OF DECISIONS YOU WOULD NEED TO MAKE IS WHAT KIND OF CAR DO YOU FINALLY DECIDE TO TRY TO SELL TO THE AMERICAN PUBLIC? YOU WOULD THINK THAT, YOU KNOW, WE NEED TO GO TO 80 MILES A GALLON.SO YOU WANT SOME SMALL EUROPEAN TYPE CAR. BUT THEN GAS IS DOWN AT $1.80 AGAIN.MAYBE PEOPLE DON'T WANT TO BUY THOSE. NO, WE GOT TO REMEMBER THAT A LOT OF FAMILIES HAVE FOUR KIDS.WE'RE GOING TO TRY AND, YOU KNOW, MAYBE STILL SELL A NICE CHEROKEE OR SOMETHING. HOW DO YOU DECIDE ON WHAT TO DO WHEN YOU HAVE NO IDEA WHAT THE PRICE OF GAS IS GOING TO BE A YEAR OR TWO FROM NOW, BOB?

NARDELLI: WELL THATS A GREAT QUESTION, JOE. I THINK, YOU KNOW, WHEN I STEPPED IN HERE, WE WERE CERTAINLY HEAVILY WEIGHTED ON THE MID SIZED TO FULL SIZED IN THE TRUCK. I THINK WE HAVE A RESPONSIBILITY TO NEVER GET CAUGHT AGAIN GIVEN THE POTENTIAL CYCLICALITY OF FUEL PRICES. THAT'S WHY THE FIAT ALLIANCE IS SO IMPORTANT TO US. THEY HAVE THE SMALLER VEHICLES, THE A, B AND C PLATFORMS. THAT'S WHY THAT ALLIANCE IS SO IMPORTANT. IF WE WANT TO BE A FULL LINE OE MANUFACTURER OFFERING TO OUR DEALERS SO THAT THEY CAN GET THE CUSTOMERS, GET THE CONSUMERS COMING IN ACROSS THE FULL LINE. SO WE DON'T EVER WANT TO GET CAUGHT AGAIN HEAVILY SKEWED IN ONE WAY OR THE OTHER. WE WANT TO BE ABLE TO HAVE A FULL RANGE OF PRODUCT OFFERINGS. WE ARE SEEING RIGHT NOW, YOU KNOW, GASOLINE AT $2 A GALLON.WE'RE SEEING THE CONSUMER MOVE, AGAIN, TO THE MID AND FULL-SIZED EXACTLY FOR YOUR POINT.FAMILIES WANT THE COMFORT. THEY WANT THE SECURITY OF A LARGER VEHICLE. BUT AT THE SAME TIME, WE HAVE TO MAKE SURE THAT IF FUEL DOES SPIKE AGAIN, WE WANT TO HAVE THESMALL SUBCOMPACT AT 35, 40 MILES PER GALLON.

QUICK: BOB, IT'S BECKY. WE WATCHED ALL THE OUTRAGE OVER THE LAST FEW DAYS FROM WASHINGTON AND FROM MAIN STREET AT AIG. AS THE CEO OF A COMPANY WHO HAS TAKEN TAXPAYER MONEY BUT HAS REACTED VERY DIFFERENTLY THAN AIG, WHAT DO YOU THINK ABOUT AIGSAYING THAT THESE CONTRACTS ARE NONNEGOTIABLE?

NARDELLI: WELL, IN OUR CASE, BECKY, IT WAS A PREREQUISITE.BEFORE WE RECEIVED ANY FUNDS FROM THE U.S. TREASURY, THE TOP 25 EXECUTIVES IN THIS COMPANY HAD TO SIGN WAIVERS FOREGOING ANY SEVERANCE, ANY BONUS, ETC. SO FOR US, IT WAS A PREDETERMINED CONDITION BEFORE WE COULD RECEIVE THOSE FUNDS. SO I'M NOT SURE WHAT THE TRANSACTION WAS WITH AIG PRE AND POST.BUT FOR US, IT'S A NONISSUE. AND NOT ONLY WHAT WAS REQUIRED, BUT I THINK THE ENTIRE ORGANIZATION IS ACTING IN A VERY RESPONSIBLE WAY TO MAKE SURE THAT WE ARE PROTECTING THE INTEGRITY AND THE GOVERNANCE OF THE TAXPAYER FUNDS THAT WE REALLY APPRECIATE HAVE BEEN INVESTED IN CHRYSLER.

QUICK: BOB, THAT'S MY POINT.YOU SEEM LIKE YOU'VE ACTED VERY DIFFERENTLY.YOU BASICALLY SAID NOTHING IS OFF THE TABLE.THAT DOESN'T SEEM TO BE THE SENSE PEOPLE GET WHEN THEY LOOK AT AIG.

NARDELLI: WELL, AGAIN, IT'S A DIFFERENTBUSINESS, DIFFERENT ENVIRONMENT.TO BE HONEST, BECKY, I'VE BEEN KIND OF HEADS DOWN TOTALLY CONSUMED IN GETTING CHRYSLER TO A VIABLE POSITION.

QUINTANILLA: I THINK WHAT BECKY IS GETTINGTO, BOB, I MEAN WE ALL REMEMBER THE TIME, THE RUNUP TO THE POINT WHERE YOU HAD FUNDS APPROVED.I MEAN IT WAS A LONG, PAINFUL, DRAWN OUT PROCESS THAT INVOLVED YOU GOING TO THE HILL AND MAKINGYOUR CASE.AIG'S MONEY WAS, AT LEAST THE FIRST INSTALLMENT, PUT IN OVER THE COURSE OF A VERY TUMULTUOUS WEEKEND. YOU KNOW, THIS MORNING PEOPLE ARE TALKING ABOUT THE VIABILITY OF CONTRACTS, WHETHER OR NOT THESE EMPLOYEES SHOULD BE GETTING BONUSES EVEN THOUGH THE CONTRACTS WERE WRITTEN A LONG TIME AGO. I JUST WONDER AS A CEO IF YOU WERE IN LIDDY'S SHOES OVER AT AIG HOW YOU'D BE HANDLING THAT.

NARDELLI: WELL, I'M NOT SURE HE -- EITHER OF US WOULD TRADE EACH OTHER'S SHOES AT THIS POINT GIVEN THE CHALLENGES THAT FACE US. BUT I THINK YOU ARE RIGHT.I MEAN WE WENT THROUGH, I THINK,A VERY TRANSPARENT, A VERY RIGOROUS PROCESS AND RIGHTFULLY SO WHEN WE WERE ASKING FOR TAXPAYER AND GOVERNMENT SUBSIDIES ON THIS.SO WE HAD, AS YOU KNOW, TWO ROUNDS OF PUBLIC HEARINGS. WE HAD EXTENSIVE DOCUMENTATION THAT WE HAD TO FILE AGAIN ON FEBRUARY 17th, ANOTHER 100 PAGESTHAT DETAILED. WE ARE REVIEWING EVERY MONDAY WEHAVE A 13-WEEK CASH FLOW THAT WE REVIEW WITH TREASURY.WE SHOW ALL THAT GOES IN AND GOES OUT, WHAT REVENUE IS COMING IN, WHAT PAYMENTS ARE BEING MADE. SO WE'RE WORKING VERY CLOSELY TOMAKE SURE THAT TREASURY UNDERSTANDS EXACTLY WHERE WE ARE, WHAT COMMITMENTS WE'RE MAKING, WHAT FUNDS WE EXTEND. EVERY WEDNESDAY WE HAVE A CASH COMMITTEE.NOTHING GETS SPENT THAT DOESN'T GET REVIEWED BY THE CASH COMMITTEE. SO VERY, VERY RIGOROUS PROCESS HERE AT CHRYSLER TO MAKE SURE THAT WE ARE HANDLING THOSE FUNDSIN A VERY RESPONSIBLE WAY.

KERNEN: BOB, IF YOU COULD PICK ONE THING TO TRY TO GET CHRYSLER VIABLE, I'M JUST WONDERING WHAT IT WOULD BE.WOULD IT BE A BETTER UAW CONTRACT THAT IS MUCH MORE IN LINE WITH SOME OF THE -- WHAT THE FOREIGN AUTOMAKERS AND WORKERS ARE PAID? WOULD IT BE THAT?WOULD IT BE HALF AS MANY DEALERS? WOULD IT BE A THIRD FEWER FACTORIES AND CAPACITY?WHAT DOES CHRYSLER NEED THAT'S IN THE WAY OF BEING A SUCCESSFUL, ON GOING CONCERN?

NARDELLI: JOE, GREAT QUESTION. WHAT WE HAVE DONE IN OUR SUBMISSION IS WE SAID WE HAVE TOGO TO EVERY CONSTITUENT. WE'VE BEEN WORKING VERY CLOSELY WITH THE UAW AND RON GET GETTLEFINGER RESPONDING IN A PROFESSIONAL ANDPROACTIVE WAY LOOKING AT THE VIVA AND WAGES TO MATCH THE TRANSPLANTS HERE IN THE U.S. WE'VE GONE TO OUR DEALERS WHO HAVE GIVEN US CONCESSIONS. WE'RE WORKING WITH OUR SUPPLIERS. TREASURY IS WORKING WITH OUR LENDERS AND THE FIRST LIEN. THE SECOND LIEN GROUP HAS ALREADY, YOU KNOW, CONVEYED THATTHEY'RE WILLING TO CONVERT THEIR DEBT TO EQUITY.SO WE'RE GOING ACROSS THE FULL RANGE OF PARTNERS AND ALL ASKINGFOR SACRIFICE. JOE, THE BIG THING THAT WE KEEP TELLING TREASURY AND WE SAW IT, I MEAN PROOF POSITIVE WAS THE INFUSION OF FUNDS INTO OUR FINANCE COMPANY THAT ALLOWED US TO GO OUT AND CONVERT VEHICLES THROUGH LOANS AT A VERY REASONABLE RATE. NOW, YOU KNOW, I'M NOT SUGGESTING WE GO BACK TO WHERE WE WERE IN THIS COUNTRY.BUT THE PENDULUM HAS SWUNG SO DRAMATIC THE OTHER WAY ON THE FICA SCORES THAT OUR CONSUMERS COULD NOT QUALIFY. THEY HAVE TO PUT FROM 5% TO 15% CASH DOWN. EMPLOYEES WITH, YOU KNOW, EMPLOYEES THAT ARE DOING PAYROLLDEDUCTIONS ARE NOT QUALIFYING FOR LOANS. SO I THINK THE PENDULUM HAS TO COME BACK IN A MORE MIDDLE OF THE ROAD TO GET THE TO CONSUMERS. THERE'S ABOUT A 20% PENT UP DEMAND THAT OUR DEALERS ARE TELLING US THEY CAN CONVERT IF WE CAN GET MONEY.SO WE SAW IT IN FEBRUARY. WE HAVE GONE BACK TO TREASURY AND SAYING WE NEED TO REUP THAT AMOUNT.WE SAW THE EVIDENCE OF HOW THAT WORKS.I DON'T THINK IT'S IRRESPONSIBLE. I THINK IT'S ALLOWING CONSUMER DEMAND TO CONVERT, ALLOWS THE DEALERS TO ORDER, DEALERS ORDER, WE PRODUCE.WE GENERATE REVENUE. AND WE GET THE MOMENTUM BACK INTO THIS BIG MACHINE HERE IN CHRYSLER.

LEBEAU: BOB, I HAVE A QUESTION ABOUT FIAT.YOU HAVE SAID IN YOUR PLAN, WE WERE JUST LOOKING THROUGH IT, YOU SAID IN YOUR PLAN YOU CAN BEVIABLE WITH OR WITHOUT FIAT.CERTAINLY PREFERABLE WITH FIAT.NOW YEAR SAYING THAT THIS DEAL IS REALLY WORTH $8 BILLION TO $10 BILLION, NOT THE $3 BILLION WE WERE ORIGINALLY TOLD. DOES THAT ALSO INCLUDE FIAT TAKING ON SOME OF CHRYSLER'S DEBT?

NARDELLI: WELL, AGAIN, THE TERM SHEET AND THE PRECONDITION, PHIL, WAS THAT THEY WOULD GET 35%.SO DAY ONE THEY WOULD TAKE ON 35% OF THE DEBT RESPONSIBILITY. THE ISSUE OF $8 BILLION TO $10 BILLION IS PRETTY STRAIGHT FORWARD. IF THEY BRING FOUR PLATFORMS, TWO ENGINES, TWO TRANSMISSIONS AND WE LOOK AT WHAT IT WOULD COST US TO DO THAT, IT'S ABOUT $8 BILLION TO $10 BILLION. MORE IMPORTANTLY, PHIL, IS THAT IT SAVES US FOUR, FIVE, OR SIX YEARS. THEIR MULTI-AIR TECHNOLOGY PROVIDES THE LOWEST EMISSIONS PERFORMANCE AGAINST THE STANDARDS IN EUROPE.SO BY GETTING THAT TECHNOLOGY, WE LEAPFROG YEARS OF DEVELOPMENT. THE PLATFORMS THEY'VE RAISED HAVE ALREADY GONE THROUGH THE RELIABILITY AND DURABILITY CURVE.THEY'RE INTRODUCED WITH HIGHER CUSTOMER SATISFACTION.SO THAT'S WHY WE SAY THAT THIS WOULD SIGNIFICANTLY ENHANCE OUR STAND ALONE PLAN.AND WOULD COMPRESS THE AMOUNT OF TIME BY WHICH WE WOULD BE ABLE TO REPAY THE GOVERNMENT AND THE TAXPAYERS BY A COUPLE OF YEARS THROUGH THIS ALLIANCE. SO WHEN PEOPLE SAY, YOU KNOW, THEY'RE NOT BRINGING ANYTHING TO THE PARTY --

LEBEAU: SUGGESTING THEY SHOULD BE BRINGING CASH IN HAND.

NARDELLI: THEY'RE BRINGING MORE THAN CASH. THEY'RE BRINGING PRODUCTS THAT WE CAN IMMEDIATELY RUN THROUGH OUR DISTRIBUTORS, OUR DEALERS.THEY'RE BRINGING PROVEN TECHNOLOGY THAT WILL HELP US COMPLY TO CAP A STANDARDS AND ENVIRONMENTAL STANDARDS.THEY'RE BRINGING US A GLOBAL DISTRIBUTION. THEY'RE NUMBER IN BRAZIL. THEY HAVE OVER 300 DEALERS TO OUR THREE.WE CAN START PRODUCING MORE JEEPS FOR GLOBAL DISTRIBUTION.SO THIS IS A WONDERFUL FIT OF THEY HAVE WHAT WE DON'T. THEY ARE WHERE WE AREN'T.SO THERE'S NO COMPETITION IN BRANDS.THERE'S NO OVERLAP.THIS IS REALLY A GREAT OPPORTUNITY.

LEBEAU: BECKY HAS ONE MORE QUESTION FOR YOU.

NARDELLI: YEAH, BECK?

QUICK: YOU MENTIONED JEEP.WHAT IS THE FUTURE OF THE JEEP BRAND?

NARDELLI: THE JEEP IS REALLY ONE OF OURCROWN JEWELS IN THIS THING, BECKY. I WOULD TELL WHEN YOU IT'S AKIN WHEN PEOPLE SAY MAKE ME A XEROX COPY OR GIVE ME A KLEENEX. IT IS THE GENERIC NAME FOR ALL SUVS IT REALLY UPSETS A LOT OF COMPETITORS WHEN PEOPLE SAY I WANT TO BUY A JEEP AND WHAT THEY REALLY MEAN IS AN SUV. BUT WE'RE HAPPY WITH THAT. AND WE WANT TO KEEP THAT GOING. SO JEEP IS A KEY PART OF OUR PORTFOLIO.IT'S ONE OF THE ICONIC BRANDS THAT'S KNOWN WORLDWIDE, BECKY.

LEBEAU: BOB, WE HAVE TO WRAP THINGS UP HERE.I WANT TO ASK YOU ONE LAST TIME.JUST SO WE'RE CLEAR ABOUT THIS, MARCH 31st, WITH WHERE YOU ARE IN TERMS OF CASH POSITION, BY MARCH 31st YOU WOULD LIKE AN ANSWER FROM THE TREASURY DEPARTMENT IN TERMS OF WHETHER OR NOT YOU'RE GOING TO GET THAT NEXT INSTALLMENT, THAT NEXT $5 BILLION.

NARDELLI: YEAH, I THINK IT'S VERY IMPORTANT, PHIL, THAT WE GET SOME DIRECTION, SOME DECISION ASIT RELATES TO OUR SUPPLIERS, AS IT RELATES TO OUR DEALERS. MAYBE EVEN MORE IMPORTANT, AS ITRELATES TO THE CUSTOMERS AND THE CUSTOMER SENTIMENT OUT THERE THEY WANT TO KNOW BEFORE THEY PUT DOWN THEIR HARD EARNED MONEY ON A VEHICLE THE SECOND LARGEST PURCHASE THEY MAKE THAT CHRYSLER WILL BE HERE. WE WANT TO BE HERE.WE WANT TO SERVICE THEM.WE WANT TO PROVIDE THEM WITH GOOD VEHICLES. SO A DECISION OR CERTAINLY A DIRECTION WOULD BE CRITICALLY IMPORTANT FOR ALL OF US.

LEBEAU: BOB NARDELLI, CEO OF CHRYSLER, JOINING US FOR AN EXTENDED SITDOWN INTERVIEW. HIS FIRST SINCE MEETING WITH THE OBAMA AUTO TEAM IN A SQUAWK BOX EXCLUSIVE.





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