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Mike InMich
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One problem is there are too many cars for the buyers. It makes no sense at all to use US money to subsidize the entry of Fiat into the market. They aren't that good (Fit It Again Tony) and this subsidy will only hurt GM and Ford further. In the case of GM, at least, the US investment will be eroded.
Feb 18 12:22 pm
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All Comments by Mike InMich »Chrysler: Held Hostage by Cerberus [View article]
In the current dire straights I think letting Chrysler go into Chapter 7 would not drag down others. Many suppliers work with multiple manufacturers so a decrease in Chrysler will be offset to sales to others.
Jobs will be lost, but it is a zero-sum game and fewer jobs will be lost at Ford and GM.
The Jeep brand can be sold to any of a number of others and the proceeds used to tap off the pension plan and provide severance pay.
No subsidy for private Cerburus, No subsidy for foreign Fiat. Sadly, good-bye Chrysler as we know it. A step back in the direction of capitalism instead of crony-socialism where the Feds get greased to pick winners and losers.