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To: maddog55
Chrysler files bankruptcy in 2029.

Should never have been bailed out in the first place.

12 posted on 01/06/2022 5:48:30 AM PST by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

Lee Iacocca, who helped developed the Mustang for Ford, joined Chrysler and at least paid back that bail out to the Government about 7 years ahead of schedule.

GM on the other hand repaid the loan portion of the bailout ahead of schedule, with interest. It used TARP money ($49.5B) it had already received but hadn’t spent. Taxpayers are still stuck with GM stock that isn’t worth what was paid for it.

Not a fan of either brand now...


58 posted on 01/06/2022 6:03:47 AM PST by maddog55 (The only thing systemic in America is the left's hatred of it!)
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