Strictly Street Posted January 2, 2014 Report Share Posted January 2, 2014 At the beginning of 2014, Detroit may be bankrupt, but they’re cheering the five-year-old U.S. auto bailout in Italy. That’s because after being the beneficiary of billions in U.S. taxpayer largesse, Fiat, the leading Italian auto company, is going to buy its final stake in Chrysler from that other big bailout recipient, the United Auto Workers (UAW). “Chrysler’s Now Fully an Italian Auto Company,” reads the Time magazine online headline. But wait a minute! Wasn’t the bailout supposed to be about saving the American auto industry? http://www.openmarket.org/2014/01/01/the-great-italian-auto-bailout-courtesy-of-u-s-taxpayers/ Don't even know where to start with this one. But I still want my money back. I think I've been robbed. Quote Link to comment Share on other sites More sharing options...
turnone Posted January 2, 2014 Report Share Posted January 2, 2014 The only people to get fucked was the Germans. Bought them and sold them for a 20 billion dollar loss in under 10 years. Saving factory jobs in America is/was a good thing even if I don't buy American cars since the 80's. There has to be larger issues in your life than this. No? Quote Link to comment Share on other sites More sharing options...
Anden Posted January 2, 2014 Report Share Posted January 2, 2014 Thought Chrysler paid there loan back. I remember the writer bitching about the massive loss the US was taking because it was repaid early. So Fiat buys and repays bail out for Chrysler. Then buys out UAW so they have full claim to the brand. I see nothing wrong here. Looks like my German engineered Dodge Magnum is a sexy Italian now too. Quote Link to comment Share on other sites More sharing options...
Strictly Street Posted January 2, 2014 Author Report Share Posted January 2, 2014 (edited) The only people to get fucked was the Germans. Bought them and sold them for a 20 billion dollar loss in under 10 years. Saving factory jobs in America is/was a good thing even if I don't buy American cars since the 80's. There has to be larger issues in your life than this. No? When did the Germans get into this? That was a done deal by the time the bailout was done. Edited January 2, 2014 by Strictly Street Quote Link to comment Share on other sites More sharing options...
Tonik Posted January 2, 2014 Report Share Posted January 2, 2014 Thought Chrysler paid there loan back. Don't believe everything Obama tells you. Or the Repub's, but in this case it is all Obama's clever use of words. http://www.factcheck.org/2011/06/chrysler-paid-in-full/ 1 Quote Link to comment Share on other sites More sharing options...
jporter12 Posted January 3, 2014 Report Share Posted January 3, 2014 When did the Germans get into this? That was a done deal by the time the bailout was done. I think the German influence on the designs is still there, but the German control of the company is long gone. I still wonder what the auto industry would be like now if cash for clunkers had not happened? Especially the auto repair side of things. Quote Link to comment Share on other sites More sharing options...
Revelstoker Posted January 3, 2014 Report Share Posted January 3, 2014 Mercedes got in and out on their own terms and dime. Kind of sad as their influence had me at least test driving a few of the vehicles. But, there were some serious misteps as well. Quote Link to comment Share on other sites More sharing options...
Ansky Posted January 3, 2014 Report Share Posted January 3, 2014 Best thing that came from the Merc/Chrys merger was that you could buy a Slk Mercedes roadster clothed in Chrysler sheet metal (Chrysler Crossfire)for under $30k Quote Link to comment Share on other sites More sharing options...
magley64 Posted January 3, 2014 Report Share Posted January 3, 2014 The crossfire was severely underpowered... 1 Quote Link to comment Share on other sites More sharing options...
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