scottm wrote:Fiat Closes Deal To Take Chrysler's Good Assets
http://www.click2houston.com/automotive ... etail.html
The deal means that Fiat CEO Sergio Marchionne will take over control
of Chrysler.The Italian automaker won't put any money into the deal but
will give Chrysler sorely needed small-car and fuel-efficient engine
technology.
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Hell, for no money into the the deal, I could have taken over
Chrysler and instead, have given Chrysler - (my interpretation at least
of) - "sorely needed muscle-car and high-performance and race-engine
technology"!!!!<LOL> I think "Chrysler Division of Mart Motors
International" might have had kind of a nice ring to it too.<GRIN>
Serously though, the Chrysler takeover by FIAT was a complete and
absolute give-away, with FIAT risking nothing, least of all, *any*
up-front cash and gaining virtually everything. Your're right too, the
UAW membership should be pissed off at their so-called 'leadership'
for caving in and selling them out, first with wage cuts and absolutely
massive job loss concessions - and then with their pension fund assuming
55 % of the risk in Chrysler, while at the same time ceding majority control
of the company to FIAT, who has no cash risked in the deal at all. What
the hell kind of "deal" is that??? Remember too, that FIAT is not exactly
stable or a paragon of success itself, either - having just recently
been saved from collapse with a massive bail-out and cash infusionfrom the
Italian goverrnment. In Italy though, the auto-workers, who just like here,
didn't cause this crisis, at least didn't have to agree to first take massive
wage, pension and job-loss consessions as a pre-condition to that bailout.
I hope too, that North American consumers will really like and take to
econo-boxes and micro-cars with quirky engineering, self-destructing
bio-degradable bodies and incendiary fuel and electrical systems, because
that's the legacy and the so-called "technology" that FIAT is bringing to the
deal - and that's gonna' be the majority of the new FIAT-Chrysler North
American line-up within a year or two! The last I checked too, in the
rest of the world, outside of Italy, where people buy FIATs out of a
combination of Italian national pride and economic neccessity, the
Japanese, Koreans and Chinese already have the econo-box and
micro-car market pretty well sewn up! Maybe I'm just fear-mongering
and whining though and FIAT really will be Chrysler's saviour because,
remember - according to FIAT chairman...ooops, I mean,'FIAT-Chrysler
chairman, "No Money Marchionne", we North Americans have really had it
all wrong for years! We dont "need" or even really "want" Hemi V8s anyway!
No! We all really "need" "want" and "crave" self-destructing and disposable
FIAT econo-boxes and micro-cars!!! Hell es!!! I'm pretty sure that even ordinary
rank and file UAW members who are now, via their pension plan, technically
- at least when it comes to assuming majority financial risk in the company,
the "majority owners' - but without having any meaningful control - and who
are also ordinary consumers, as well as being your neighhbors, friends and
relatives - have better ideas as to the kinds of cars they should build and
that other North American consumers will "want","need" and actually buy!
mart
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