There are a few takes on the new owners of Chrysler, which is being purchased by Fiat.
This version is what many in the media want you to think is the news, but there'a another article about this purchase, which isn't such a rosy picture of a successful business venture.
Long story short: The current administration pumped 12 billion of taxpayer dollars to put substantial amounts of money into the hands of political friends; at the cost of not only tax dollars, but in the theft of pension funds for those that weren't such good friends of the Obama Administration. To add insult to injury, unsecured creditor were included in those that were left with damn near nothing.
So how does this play out? Fiat hasn't been doing well either, so to make all this work, it will need to push the manufacture and sell of the "environmentally unfriendly" vehicles that Chrysler is making money by selling. I'm guessing this fact will be overlooked by an administration that has pissed off billions into renewable energy at the cost to taxpayers, who not only lost the money, they're now required to pay interest on the money borrowed and used for this fiasco.
So, due to the circumvention of law, a failing Italian automaker will soon be owner of an American automaker, thanks to an administration that had no qualms about stealing the company from honest individuals for political gain. Think about this the next time you see one of those Dodge truck commercials. I don't know about you, but I think it's unpatriotic to purchase one of these vehicles. Any profits go overseas and you only perpetuate a criminal enterprise.
Unbelievable. I don't think this is what Lee Iaccoca had in mind when he sold his heart and soul into saving Chrysler back in 1980. So sorry he's still alive to see this travesty.
ReplyDeleteChrysler is a prime example of what can go wrong if the government is allowed to meddle.
Deleteagreed, and I hadn't heard this before. I would say that I planned to downgrade to a horse and buggy, but I just learned NY's new commie mayor De Blasio will be outlawing them.
ReplyDeleteI'm thinking New York needs to hang onto the horses. After a few months of their new mayor, at least four will be required for an official draw and quartering.
DeleteNot at all surprised at this. I figured out long ago that Ford is the Last Man Standing that I would buy a car from.
ReplyDeleteNone are so blind as those who refuse to see.
Winston
Automobile fabrication should be like any business. If the product is good, people are willing to spend the money and the clowns involved don't run it into the ground, there's no reason the business should have a problem surviving.
DeleteGetting the government involved is like asking a crack-head to hold your wallet, while you go out of town.
Which is why I bought a Ford F150. I figure when I walk into a Government Motors or Ram, I should automatically get a big taxpayer's discount. Since I do not, they don't get my bidness.
ReplyDeleteGM or Ram DEALERSHIP. Oh well.
ReplyDeleteWe have some dodge diesels 1 tons in our fleet at work. They're the best, as far as horsepower and problems with the engine. A Cummins is hard to beat, when it comes to pulling a load.
DeleteFor personal reasons, Chrysler products haven't been in the running since the early 70's. I've seen too many vehicles that not only had strange mechanical problems, the workmanship didn't meet what you could find in a Ford, or GM.
Worst thing I ever saw was paint runs on the interior of a 1978 pickup. That's something that should have never passed the final vehicle inspection before leaving the assembly plant.
Thank you for sharing this story. I did not know about this. I feel like the world is moving fast these days. I can never keep up with half of what is happening in the world. And then they decide to play a story like Balloon Boy for 3 days straight when there are decisions being made that impact us.
ReplyDeleteFreddy @ Jacky Jones Chrysler Dodge Jeep Ram
The media is a "feel good", "blood and guts", tragedy, and obfuscation racket. If it really wanted us to know what was going on, they wouldn't hire pretty faces, and English majors to report the news.
Delete