Posted on 04/23/2011 6:59:00 PM PDT by george76
Fiat just earned 5 percent more ownership in Chrysler for creating a product no one has bought yet.
Payment for non-performance. If you suspect this is government’s benchmark for success, you’d be right. More precisely, this is how the Obama administration measures success.
Let’s rewind the tape. Under King Obama’s gift of 20 percent of Chrysler to Fiat in 2009, His Highness decreed that Fiat would assume another 5 percent of the company upon production of a 4-cylinder engine in the United States. Not selling it. Simply producing it.
...
But wait, there’s more. The Italian automaker will gain yet another 5 percent ownership (35 percent total) of Chrysler later this year when it introduces a 40-mpg car. But, you might ask, surely the Fiat 500’s 1.4 liter, 100 HP, 4-cylinder mouse engine gets 40 mpg? Nope, it gets a mere 34 mpg.
Obama is transforming the U.S. auto industry as promised. Into what is anybody’s guess.
(Excerpt) Read more at nationalreview.com ...
No. It “just” has a V8. ;o)
The Yugo was a Fiat made in Yugoslavia lest we forget...
It gets 30mpg @70mph on my weekly 160 mile round trip to church.
Nothing wrong with a good V6. How’s the head room?
Fiat: “ Fix it Again Tony.” Alternatively, “Fix it alla Time.” The only cars that are worse than Fiat’s are Trablants (which can’t be imported here) and those old Renault Dauphines.
One of the great innovations with the Yugo was that they ALL had rear window defrosters,,,,,that was to keep your hands warm when you were pushing it.
I practically cried when I saw some of those perfectly good cars destroyed. What a disgrace.
Disgraceful is a good word. If one of my kids had an idea that disgusting, even the idea of destroying one old but good car of their own for entertainment, we would have a LONG chat about our responsibility to make the best possible use of what we have. Whether or not you can afford to destroy something of value, and the US government cannot afford that, it is immoral to waste the abundance that God has provided. I doubt that one of my children would even consider such a disgraceful idea - I raised them well.
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