Correct me if I am wrong but did Chrysler not repay their lon from the 80’s?
And now they’re begging for money again. Long term mismanagement always leads to failure.
Yes they did! Now something interesting happened in Tupelo, Mississippi yesterday. Toyota announced they were suspending construction of a taxpayer subsidized assembly plant to build gas efficient cars. Will they pay the subsidies back? Don't really know, but with the Yen rising against the dollar they are going to have to raise prices substantially for their American built vehicles or shut down and go home!! If gas stays cheap, Ford F150 sales and SUV sales will begin to recover market share. The irony in all this is that the Dems are supporting the loans to the Big 3, which will help them survive to sell full sized vehicles again, and the Repubs are opposing the loans, which will help the imports change Americas buying habits forever, in the direction of “Green environmentally friendly compact cars”. How convoluted this whole mess has become. Freepers oppose the loans and thereby support the environmental wackos goal of driving cute little tin cans that will save us from global warming. Al Gore must love these Repubs!!
Yes and early too.
Chrysler repaid it’s loan.
Yes, and it was very profitable for the Treasury.