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Originally Posted by John M. Dwyer
Well, Chrysler was not exactly "bailed out," although the US government did guarentee the money they borrowed. But in the long run, I'm not sure that it made much difference due to the Daimler buyout. (They might have gotten Chrysler a little cheaper without the government guarentees.)
I expect that GM and Ford will need some kind of support before all is said and done - direct or indirect - government, commercial, union, big oil, private - or whatever. Let's hope that they can do better than Chrysler did!
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I don't know how you can say that Chrysler did wrong. They paid those loans from the government back with interest. Chrysler was also turning a healty profit prior to the takeover by Daimler Benz. The period of losses after the buyout was very much the result of the newly formed DC restructuring the Chrysler brand. While there is still obvious work to do in the name of improving the products, much of their efforts have had positive results.