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Chrysler to Conduct Refinancing in Second Half of 2011, CEO Says

Chrysler Group LLC, the U.S. automaker operated by Fiat SpA, should have a “firm idea” about refinancing its debt by the end of the first half of next year as the company seeks to improve profitability.

“We’ll probably execute in the second half of 2011,” said Sergio Marchionne, who is chief executive officer of both automakers. “We need to find a solution to all of this by the time we hit the IPO market.”