Mike InMich

Chrysler Gets Its Miracle? Not So Fast

Ford is also bringing the all new Fiesta to North America. It is a nice car but will be a hard sell with $2.00 gas. It is outrageous that the Federal government is subsidizing Fiat to enter an already saturated US car market, especially small car market, to compete with non-bailout FoMoCo.

Besides this outrage, there is another interesting item to play out. I'm sure Fiat would prefer to build the 500 in non-UAW Mexico. If forced to build in the US by their majority UAW owners the value equation is even more out of whack. Look for more federal money over the next few years.

Obama should realize that there it is a zero sum game. UAW jobs lost in a liquidated Chrysler would be offset by fewer losses at GM and Ford. Shoot this dead horse.