Fiat to buy full control of Chrysler

bigdogger wrote:

Perrysburg Dodgeboy wrote:

bigdogger wrote:
When Chrysler goes under for the third time, will it fall to the Italian government to bail them out, or will the US have to step in again?

So here is a history lesson for you.
1, The UAW or more correctly the employee pension fund was used to keep Chrysler afloat the first time. The only involvement the US Government had was in backing or guaranteeing the pension fund would be repaided.

2, Chrysler nor GMC wanted to go through bankruptcy, that was mandated by three Republicans. The only reason we needed to ask for LOANS was because the Bankers would not refinance our (Chrysler & GM) loans. Ford was able to refinance only after the Ford Family put up eveything they owned.

Give this BS a rest already.

Don

Like it or not the US federal government has stepped in two times to prevent Chrysler from going under. That is a fact. GM needed the feds once. Ford has never needed federal guarantees or cash infusions. My question is very fair. Since Chrysler is now 100 owned by Fiat, an Italian Corporation, will the US still be called upon should Chrysler need bailing out a third time?

Chrysler and GM weren't bailed out to save their names or owners the last time. They were bailed out to save the hundreds of thousands of jobs through vendors and suppliers directly and indirectly tied to them without which could have ended up in another Great Depression. I too wonder what will happen when they need another infusion. At some point the doctor will pull the plug.