Replies

To: tobyhill

Obama did not think Chrysler was worth saving, so he bailed out the UAW and basically gave the company to Fiat.

Chrysler got private financing to pay off the gov’t loans (that had interest rates over 20% that most politicians would call abusive).

Now, the company is profitable, has two full years of increasing sales and is working to get out from the UAW VEBA.

16 posted on 08/01/2012 4:12:39 AM PDT by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)

To: Erik Latranyi

But...... is not Fiat having trouble with new bonds in Italy?

17 posted on 08/01/2012 4:16:03 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))

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