"HK" wrote in message
m...
Eisboch wrote:

You know they are in trouble when Fiat is getting cold feet about a
merger.

Another one about to bite the dust.

Eisboch


FIAT wants to bust the UAW before it'll invest in Chrysler. What we need
to do in this country is detach health benefits from employment and make
sure that private pension liabilities are fully funded. Too much cooking
of the books on the latter has resulted in workers losing earned pensions
because of bad corporate management.

Yep, Chrysler, and GM for that mater, will both be much cheaper in chapter
7, and in chapter 7 the CAW/UAW contracts become null and void as does all
the other excessive garbage. In a chapter 7 buyout they could squish the
unions, fire the crappy managment without severance, renegotiate supply
agreements and not worry about bond holders or share holders. Nice and
clean like. Maybe even mash the two together and highest bidder gets the
lot. Possibly sell them to the Chinese government now that they have almost
$2T in cash.

But I can't see GM or Chrysler making a deal now, they are doubly bankrupt
and allowed to operate too long without meaningful changes and bankruptcy to
force the needed change. They are dog investments as they sit.