The New Chrysler!

Fiat SpA Chief Executive Sergio Marchionne said Thursday that he was "very, very pleased" with the progress his team had made so far at turning around Chrysler and promised to unveil a bold new vehicle for the streets of America by the end of July.

The vehicle will rely on track power and travel at an average speed of 5 mph, turning a trip to the grocery store into a weeklong adventure.

"This new model will revolutionize driving and community development in America," Marchionne said. "First off, since it will take so long for anyone to get anywhere, folks will move into the cities to live next to their workplace and walk to their jobs, thereby drastically reducing fuel emissions -- so the whole debate over energy policy going on over in America right now could very well become obsolete. Second, drivers will be able to bulldoze what's left of abandoned neighborhoods, like Flint, when they do make weekend trips to the store. It will certainly reinvent the definition of going for a Sunday drive."

The new vehicle, to be called the Fiat Cinque Tank, has a yet to be determined price, but sources say the government's new $4,500 trade-in voucher for fuel efficient vehicles should just about cover it.

Here's a sneak peak at what this baby can do:

Via Pink Tentacle