What’s the Chrysler’s future?
Now the firm are dealing its partnership with the italian automaker Fiat Group SpA, the last piece of the huge restructuring plan demanded by U.S. government. But Chrysler could still wind up under bankruptcy protection for a short time to reduce their debt and restructuring the firm.
Now, President Barak Obama planning to announce Chrysler bankruptcy tomorrow, but today he said:
We’re hoping that you can get a merger where the taxpayers will put in some money to sweeten the deal but, ultimately, the goal is we get out of the business of building cars, and Chrysler goes and starts creating the cars that consumers want
Robert Nardelli pointed to the deal with debtholders and the UAW deal:
I’m encouraged by this progress and I want you to know I deeply appreciate the sacrifices made by so many constituents to help us reach the restructuring targets established by the government
Now, the federal plan would oust Robert Nardelli and put in his place Sergio Marchionne…
Tomorrow more news about Chrysler and bailouts…
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[...] Chrysler falls into Bankruptcy?: Obama will announce Chrysler bankruptcy tomorrow [...]
Chrysler? Hell, today it’s GM, tomorrow, who knows? America is going through a convulsion of changes, and by the end of next year, will beg for Universal Health care as good as Canada’s, because that is a Hell of a lot better than no health care at all! The American unregulated vulture capitalist gangsters, banksters, swindlers, shylocks took too big a bite this last time around the board, and are going to choke to a socialized, nationalized, semi-commie death on it! See what your greed got you! Ford, the sane sensible, conservative capitalist still survives, but only against the onslaught of government subsidized, propped up , taxpayer paid guarantees for their dying competitors products! Not Fair - either you are capitalists, and GM and Chrysler go goddamn broke and die, the surplus product sold off cheap to the public, or you are a nationalized car industry and Ford products get the same, taxpayer money backed product guarantee! Fair is Fair, but in Yankee Doodle land, everyone gets it up the ass, and in the end, nobody wins, because this government pays through the nose so that nobody can lose - a fixed game, if Vegas had a game like this they would be broke in a single night! Ford and the foreign builders invested in the U.S. should have come out way up on the top! not playing second fiddle to Uncle Sam’s resources. The best are supposed to win in a capitalist competition. This situation is impossible, unsustainable bull shit economics that makes no sense at all. WTF!