sergio marchionne's pessimism about europe. >> in the u.s., he is implementing well, making good cars with designs people want to buy, but when the market it is here, you spend your capital dollars here. >> reporter: fiat bought a stake in chrysler after it emerged from bankruptcy three years ago. since then, it's invested nearly $5 billion in u.s. plants and added 6,000 workers. >> and chrysler has been the cac auto industry. it's been ringing up month after month in both cars and trucks. >> it's interesting there is ad. are people interested in buying trucks like the dodge rams you are standing next to given the price of gas these days. >> that took a hit during there. a lot of builders that buy trucks stopped by them. we are seeing the housing march coat tur -- market turn around. we saw the dodge pick up sales up 20%. that is amazing. one thing we learned in the eat after hurricane sandy is that people wan want to have a car tt gets good gas mileage. are american automakers taking this serious too. >> a lot of these trucks havev6e enhancements that are put on the vehicles to get b

. >> an important guy, sergio marchionne cares a lot about this market, doesn't put a guy in charge of fiat in the u.s. an important market like this unless you are pretty sharp. >> doesn't see give you three different jobs to do? >> we don't sleep a lot. it is the great opportunity. [talking over each other] dave: how much is that car? >> we haven't announced pricing yet but it would be extremely competitive in the market. >> that is the best we do. anything? okay, the devil is in the details but we will get back to you. liz: we are cheering them on. this hour, major ceos at the white house including goldman sachs's lloyd blankfein and coca-cola for meeting with the president on growing our economy and reducing the deficit. we head to the white house after the break to get details. dave: could the fiscal cliff be a good thing? bill harris of personal capital and former ceo of into it and pay pal might think so. find out why when he joins us in studio. but d#: 1-800-345-2550 this morning, i'm going to tre in hong kong. tdd#: 1-800-345-2550 after that, it'sn to germany. tdd#: 1-800-345-

today's fiat chrysler ceo sergio marchionne announced an expansion of chrysler's manufacturing to keep up with demand, 31 straight months of sales. any way you slice it is a success story. does the struggling european fiat have the cash to buy the remaining stake in chrysler. jeff flock with a microphone in the troy talking to the man behind the machine. it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others thrgh direct contact. women, especially those who are or who may become pregnant, and children should avoid contact whe axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acnen women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditns and medications. do not use if you have prostate or breast cancer. serious side effects could includ increased risk of prostate ca

sergio marchionne at chrysler and fiat admits he is losing $10,000 apiece on the 500 -- stuart: holdve charles with me with a question. charles: general motors making the gigantic mistake so focused on this technology that the public is rejecting while toyota continues to dominate the hybrid market which is extraordinarily profitable and coming out with a better models and taking more market share recently. >> gm wants to show they can play this game because automakers have jumped in here and there's a certain level of ground base level of interest in the electric cars and so if you aren't in there at some level, there's a question -- [talking over each other] stuart: they are not selling. i want to buy a 50 mile per gallon small car that runs on gasoline. that thing works. >> you want it for $12,000 too. stuart: i can get it for $20,000, can die? >> you can. the death of the conventional internal combustion engine has been greatly exaggerated. pulling more efficiency, ford has a one liter, 3 cylinder engine they are going to put in the fiesta and it is a one liter engine, 3 cylinder

chrysler ceo sergio marchionne announcing new investments at multiple company plants as well as planse than 1000 employees. jeff flock is at the mack avenue engine plant to update us. >> big event, lori. you can see they're breaking it down. the event is over. big news from marchionne today on a number of fronts. we had him live on the fox business network. you're looking at one of the ram trucks that the engines they make here they will go into. talking to mr. marchionne about the fiscal cliff. he told us live on the fox business network he is not worried about it. he is relying the administration and congress to do the right thing. he is not downsizing any inventory. we asked him said whether there was a plan to make chryslers in europe and sell in the u.s. like governor romney charged would take place in his campaign ad, he said there are no plans for that. in fact what we did here in the u.s. could be a road map for europe's success. here is what he had to say. >> europe needs to do exactly the same thing. the method that we were using up to now have not worked. and i learned a lo