1) On March 30th, 2009, posted in: Markets by Alhambra Admin
“President Obama’s auto task force determined that General Motors has not presented a viable plan that would succeed. They are willing to give GM adequate working capital for 60 days to develop a more aggressive restructuring plan and have already pulled some strings for the ouster of GM’s top man:
In an extraordinary move, the administration forced the departure of Rick Wagoner as CEO of General Motors over the weekend, and implicit in Obama’s remarks was that the government holds the ability to pull the plug on that company or Chrysler.
As for Chrysler, there’s not much support coming from Obama. The same task force has determined that the company is not viable as a standalone company. The government will not invest anymore taxpayer in the company if it does not complete a deal with Fiat, the Italian automaker. If they do so within the next 30 days, the administration will consider investing up to $6 billion to help the partnership between Chrysler and Fiat succeed.”

2) By Calvin Woodward and Christopher S. Rugaber
Associated Press / November 9, 2011
The Italian automaker Fiat received an initial 20 percent stake in Chrysler as Chrysler emerged from bankruptcy in 2009 in exchange for only management expertise and technology. Since then, Fiat has paid $1.8 billion to boost its stake to 53.3 percent, including a $500 million payment to the U.S. Treasury to purchase the government's 6 percent share of the company.

3) Jonathan Oosting | MLive.com Thursday, July 21, 2011, 5:46 PM
“The Treasury spent a total of $12.5 billion helping Chrysler survive and has recouped more than $11.2 billion of that investment. Officials say the government is "unlikely to fully recover" the additional $1.3 billion, but reiterated that their top priority was saving jobs.”

So, who decided it was a good idea to pretty much give away Chrysler’s controlling ownership to a foreign company (in exchange for letting the US keep a few jobs)?
You do the math. Fiat payed $1.8 billion for 30.3 percent of Chrysler. Ooops, Fiat was given (as a gift from the American tax payers) $1.3 billion. Seems like Fiat paid $.5 billion for the 30.3 percent to me. To say nothing about the original GUARANTEED loan of $12.5 billion. YES, Fiat did NOT default on the loan. BUT, they could have. What was the US going to do if they defaulted? Sorry taxpayers?

Bottom line question (you know the answer): In the future who will be reaping the bulk of the profits from Chrysler in exchange for letting the US keep a token number of jobs. (maybe just enough jobs to look good at election time...)?

Is Manley finally building his sticker factory like I suggested last year?

"which now makes Jeep Liberty and Dodge Nitro vehicles"?

Really, the Nitro has been discontinued -- at least here in the US. Or is it still being manufactured for export?