Chrysler

So after all the bailout money given to Chrysler, President Obama guaranteeing Chrysler’s warrantees on their vehicles, concessions by the UAW, a major ownership stake given to the UAW, a buyout by Fiat and concessions by many of their creditors; Chrysler still filed for Bankruptcy.

I wonder where they would be right now had they just filed a few months back before they had taken all the bailout money, the bite in the rear from the UAW, and given up their independence to an organization like Fiat. I mean come on, have you ever driven a Fiat? I would rather have one of those nasty old “K” cars than a Fiat.

I know that bankruptcy is bad, but worse is bankruptcy and all the strings that are now attached by the government, the UAW and Fiat.

I’ll be on the Ford Lot,
Bill