"False speculation is rumbling around about our company and instead of letting other people define us ...(we) decided to release some data,'' vice chairman and sales chief Jim Press said. "And as you could see, it's pretty damn good.'' Chief executive Bob Nardelli, in a memo to employees, said Chrysler was able to generate cash more easily as a private company through sale of non-earning assets. "This enhances our ongoing operational improvement efforts, enabling us to continue to invest in new products as we work to reduce our fixed costs, inventory and working capital,'' he said in the memo, which was released to the media. Mr Nardelli also said the carmaker was looking to boost its car line-up through internal development and partnerships. Chrysler is in talks with India's Tata Motors and Italy's Fiat as it seeks to raise cash and open doors to faster-growing markets outside the US, sources have told Reuters.