"HK" wrote in message
m...


Money, property, and investments are no more valuable than life, liberty,
access to health care and a decent job. American workers have been getting
screwed for decades by the monied interests. Where's *their*
ownership/equity? Where? The monied interests destroyed it.


In this case, it really doesn't matter.

Other than the Jeep line, (which will probably be sold off as a whole
entity, either by the bankruptcy court or by Fiat if they prevail) Chrysler
really doesn't have a product worth salvaging. The soccer mom Caravan is
long in the tooth and due for a replacement.

Fiat is interested primarily in reestablishing a market in the USA. They
have already announced plans to introduce the Fiat 500 to compete with other
fuel efficient vehicles. They also are not putting up much (if any) money
to gain the 20 percent ownership of Chrysler. The unions will control 55
percent and the US government the rest. As the operational arm of
Chrysler, Fiat will basically restructure the entire company as a marketing
arm for their products. They may eventually do some minor assembly of
their products here like Toyota and Honda, but there's no way the company
will survive as it now exists.

Obama's promise was to guaranty union pension benefits using taxpayer's
money.

Chrysler has been dead for years ... since before Mercedes tried to revive
it. Didn't work. No pulse.

Eisboch