Chrysler CEO: “We’re generating cash. The house is in good order.”

American automaker Chrysler, is expected to have a good 2012. Sergio Marchionne, CEO of Chrysler and Fiat, said that the company is expected to generate nearly $2 Billion in sales this year.

American car companies, particularly General Motors, haven’t been doing the best since the economy dipped in 2008. Ford however has managed to do well and continues to remain profitable and didn’t take a bailout from the government.

The company plans to fully merge with Fiat by 2015, planning on being one single company by then. Chrysler filed for bankruptcy in 2009 but thanks to increased sales, a 37% increase in December to be exact, it has allowed the company to make a turnaround for the better.

“The company raised its 2011 forecast of cash flow to more than $1.2 billion from previous estimate of above $1.0 billion when it reported in October a swing into profit in the third quarter. Last week the Auburn Hills, Michigan-based company posted the biggest 2011 gain in US vehicle sales among its major competitors: a jump of 26 percent from the prior year.”

Despite the news of the down economy, American automakers seem to be making a rebound as sales increase. Going forward, car makers need to continue to create and develop cars that people want, and not forget to innovate within the industry. As far as luxury car makers such as Mercedes-Benz, Audi, and BMW, they’ve managed to do good as well.

What automobile maker do you prefer? Also, which car manufacturer do you think makes the worst vehicles? Let us know in the comments below.