Quote:
Originally Posted by GregE
Without the auto bailout, the big three would most likely have been purchased by the Chinese... or they'd have simply gone down.
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Fiat's purchase of Chrysler pretty much saved them. I watched a segment on 60 Minutes about that whole thing and it was really impressive to see how they took the quality of the US cars and the business acumen of the Fiat company and made it work.
With the merger, Chrysler now has one of the most impressive line of cars.
I would support an auto industry bailout later if ever needed again based on how well they handled the money and paid it back. I wish I could say the same for the banks.