The government, union, and Fiat have joined forces. Now the banks have to deal with their bad bets.
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Lipzoidial
robert
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Joined 2007/06/14Visited 2009/11/07
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Just thin those overhead charges on top and trim those unions around the ears and relieve those dept obligations in back.
Posted by Lipzoidial at 2009-04-27 08:46 PM | Reply | Flag: Flag: (Choose)FunnyNewsworthyOffensiveAbusive
The real question is the merge a good mix between fiat and chrysler or do they compete with each other.
How can the two help each other out, 90% of all mergers are not good mixes, one gets the shaft and one would think chryler would have learned from the last time.
Posted by moneywar at 2009-04-27 09:15 PM | Reply | Flag: Flag: (Choose)FunnyNewsworthyOffensiveAbusive
...one gets the shaft ...
And the other gets front wheel drive?
Posted by goatman at 2009-04-27 09:24 PM | Reply | Flag: Flag: (Choose)FunnyNewsworthyOffensiveAbusive
Fiat has no significant presence in North America, so this could work to everyone's advantage.
after all .... who doesn't want to spend $25,000 on a Yugo built by crabby UAW workers?
Posted by vernon at 2009-04-28 09:57 AM | Reply | Flag: Flag: (Choose)FunnyNewsworthyOffensiveAbusive
This whole thing is kinda whispy and non-specific. Fiat has positioned themselves quite nicely though.
By connecting up with this deal, they have immediate access to the new round of bail-out money from the US gov't.
The only thing that will mess up this deal up is if the future equities turn out to be worthless.
As bad as I hate to admit it now, i am not so sure Chrysler and GM and the UAW are gonna crash completely. And if not, they can only go up from here. Maybe the UAW will trim union rules, benefits and scales in line with the rest of the world, and become a leaner org. too.
Posted by Lipzoidial at 2009-04-28 10:42 AM | Reply | Flag: Flag: (Choose)FunnyNewsworthyOffensiveAbusive
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