Chrysler: Obama's Automotive Guinea Pig

[NOBama]

as goes chrysler, so goes gm?


chrysler will survive and avoid liquidation through an alliance with italy's fiat, but whether that happens in or out of bankruptcy remains uncertain, sources familiar with the matter said.

On thursday, president barack obama will decide.

Chrysler: Obama's Automotive Guinea Pig - Forbes.com

l o l

 

[xsited1]

Thank goodness Obama spent his early years as an executive in the auto industry.

 

[NOBama]

Equally as scary is that notion that the UAW may own as much as 55% of Chrysler when they emerge from BK.

We used to call this a hostile takeover when negotiations between parties broke down and the pursuing party wanted to go forward. Now, apparently, we call it a "makeover".

Chrysler on brink of bankruptcy: WSJIndia Infoline News Service / Mumbai Apr 30, 2009 13:27 The automaker wins support from union members and President Obama, raising hope it may still meet Thursday night deadline to secure additional federal aid

US auto major Chrysler is staring at Chapter 11 bankruptcy with negotiations between its lenders and Treasury Department collapsing, reports the Wall Street Journal (WSJ).

A Chrysler bankruptcy can proceed through the court system in a matter of weeks, some White House officials were quoted as saying.


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[xsited1]

Equally as scary is that notion that the UAW may own as much as 55% of Chrysler when they emerge from BK. ...

And we all know how well unions can run a company (into the ground).