Monday, May 04, 2009

The Italians will succeed where Germans have failed

The New Chrysler:  49% Fiat, 51% worker-owned.  At least for now ..

Fiat's shareholding will be capped at 49% until Chrysler has repaid in full the loan granted by the U.S. Treasury.

All that treasure thrown at these guys to keep American jobs in an American business.

And it will end up being owned by Fiat.

Who is supposed to do what Daimler could not.


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