The Mudcat Café TM
Thread #121500   Message #2653671
Posted By: Q (Frank Staplin)
10-Jun-09 - 09:50 PM
Thread Name: BS: Chrysler's new mantra!
Subject: RE: BS: Chrysler's new mantra!
Fiat will start with a 20% stake, which will grow to 35% when certain targets are met. The health care unit of The United Auto Workers will own 55% and the Canadian and U. S. governments about 10 per cent.
[There could be a problem over who makes the policies, the Union or Fiat executives]. That last sentence is mine, not part of the article.

Before the price of gas went skyward, 3/4 of Chrysler sales were pick-up trucks and SUVs.

The small vehicle market will be highly competitive. [If gasoline remains reasonable, SUVs such as the Jeep Cherokee will remain big sellers]. Chrysler failed to compete in the passenger car market.

The Globe and Mail (Toronto), Greg Keenan, June 10, 2009:
www.theglobeandmail.com/globe-investor/fiat-turns-attention-to-chrysler-but-its-no-slam-dunk/article1176902