Tag Archives: David Olive

The Fiat Takeover of Chrysler

From David Olive over at the Great Recession blog has this great post on the Fiat takeover of Chrysler

fiat_logo_26_10_06 Just so we’re clear on the Fiat rescue of Chrysler that the White House is counting on:

Hell, if Washington is giving away a 20 per cent stake in Chrysler, give it to me. If Fiat won’t be taking on any of Chrysler’s debt and retiree obligations, and Washington is giving away Chrysler’s massive minivan plant in Windsor, one of the biggest – if not the biggest – vehicle assembly plant in the world, I’ll take it. The Jeep brand, free for the asking if your name is Sergio Marchionne? I’ve have some business experience – met a budget at a magazine I ran for a few years, operated a successful yard-maintenance business in my teens, bought a French-made Mercier racing bike with my paper-route earnings…(Fiat probably wants to buy Mercier, too.)

Man, somebody’s being played for a sucker here.