Chrysler LLC projects that its retail sales will be 700,000 vehicles a year and its fleet sales 200,000 a year once it completes a partnership with Italian auto maker Fiat Spa (FIATY), Chrysler President Jim Press said Wednesday.

Press disclosed the figures in a hearing before the U.S. Senate Commerce Committee on Wednesday.

-By Josh Mitchell, Dow Jones Newswires; 202-862-6637; joshua.mitchell@dowjones.com