Chrysler's Turnaround Seen As Race Against Time

Facing dwindling sales, Chrysler is discovering that it is easier to reinvent a balance sheet than a line-up of cars and trucks.

Now the clock is ticking, analysts say, and the coming months will be crucial to the bid by Italy's Fiat SpA (FIA.MI) to reinvent auto operations starved of investment in the run-up to Chrysler's bankruptcy.