Late Tuesday afternoon, Chrysler LLC released details of its plan for short term and long-term viability submitted to the U-S House Committee on Financial Services.

Chrysler 's Chairman and CEO, Robert Nardelli says they need a $7-billion dollar bridge loan by the end of 2008 in addition to $6 billion from an already-approved Energy Department program established to encourage production of fuel-efficient cars.

The company expects to spend $11.6 billion in the first quarter, including $8 billion to parts suppliers.

View a copy of the plan

More details of Chrysler's plans include:

- Suspending company's match portion of the 401(k) plan, terminating its lease car program and increasing salaried employees' contributions to health care costs.

- Producing its first full-function electric vehicle in 2010 and expand to additional models by 2013. Expects to produce more than 500,000 electric vehicles by 2013.

- Cooperating with the government's oversight panel and will providing regular financial information.

- Well positioning itself to begin repayment of the federal loans in 2012'' and under its plan, after making a $1 billion payment toward the government loan, the company will have approximately $12.5 billion in cash by 2012.

-Explanations as to why an out-of-court scenario is a better option than bankruptcy. 

The 14-page report says Nardelli already receives an annual salary of $1 and gets no health care, insurance or similar benefits from the company.