Chysler Fiat Ford GM President Obama Auto Unions Chapter 11 Bankruptcy:

Chrysler BK May Signal New Era for US Manufacturers

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Fiat500-interior.jpgImagine this: You own a business. One day, you receive a telephone call from the owner of a competitor of yours. After many discussions, you’re essentially offered the opportunity to create a new company overseas; one that will then purchase the assets of the competitor at a highly reduced (but court approved) price, including parts, trained staff, union agreements, and, if you like, part or all of a fully established dealer network. And, your deal will have solid backing from a variety of sources, including the government. If you own Fiat, then that is essentially what you’re doing right now with Chrysler Corporation.


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