Chrysler

Max2147 · 04-29-09, 10:22 PM

Some rumblings out there say that Chrysler will declare Chapter 11 bankruptcy tomorrow: http://www.autoblog.com/2009/04/29/r...ptcy-tomorrow/

It's hard to figure out exactly what will happen, but it sounds like Fiat will come in and take a major stake in Chrysler. Some sources say that Fiat's CEO Sergio Marchionne (who Obama has publicly praised) will become the boss at Chrysler.

This might end up being a good thing. Chrysler needs a miracle right now, but if anybody can do it it's Marchionne. He turned Fiat around in a couple years when nobody thought it was possible. If Luca Montezemolo (Fiat's chairman) is involved it'll be even better - everything that guy touches turns to gold.

At the same time, there's just something strange about bringing in Italians for their management expertise.

04-29-09, 10:22 PM	#1
Max2147 Seasoned Skipper Join Date: Feb 2009 Posts: 714 Downloads: 0 Uploads: 0	Chrysler Some rumblings out there say that Chrysler will declare Chapter 11 bankruptcy tomorrow: http://www.autoblog.com/2009/04/29/r...ptcy-tomorrow/ It's hard to figure out exactly what will happen, but it sounds like Fiat will come in and take a major stake in Chrysler. Some sources say that Fiat's CEO Sergio Marchionne (who Obama has publicly praised) will become the boss at Chrysler. This might end up being a good thing. Chrysler needs a miracle right now, but if anybody can do it it's Marchionne. He turned Fiat around in a couple years when nobody thought it was possible. If Luca Montezemolo (Fiat's chairman) is involved it'll be even better - everything that guy touches turns to gold. At the same time, there's just something strange about bringing in Italians for their management expertise.