The proposed merger between the multi-bankrupt Chrysler and Fiat is getting rave reviews. For example, on NPR this morning an Italian insurance executive described the Fiat brand as "safe." He said "no one steals them so it is a safe risk."
At the same time the president of the UAW, whose inflated health plan is being required to take some of the Chrysler stock, said that the union had so much confidence in the company that they would dump the stock as soon as they could.
As I said, this seems like a shotgun marriage made in heaven.
Thursday, May 07, 2009
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