Selling one of America’s automobile companies to foreigners is a “comeback”?
First, the ONLY reason Chrysler was in trouble was because Daimler stole the $22 billion Chrysler was saving for a downturn in the auto market, then Daimler cheapened everything in the lineup and kept blaming their own woes on Chrysler.
Second, it is very likely that Fiat/Chrysler could be headquartered in Auburn Hills, turning it into a US-based company. Now that would be ironic!
Third, while I opposed the bailouts, you cannot argue that Chrysler’s current lineup does not evoke interest.
There were ZERO other takers, and the last viable owner was German, anyway.
I’m against the bailouts politically, but FIAT did return them to profitablity... while Americans can own plenty of it if they wish, there’ll be a Chrysler IPO next year