Saturday, April 25, 2009

U.S. Said to Seek a Chrysler Plan for Bankruptcy

"The company faces a deadline of April 30 to come up with a viable business plan supported by its creditors, the United Automobile Workers union, and Fiat, the Italian car company that wants to acquire a stake in Chrysler".

>> Why would Obama inject massive public funds into private companies without nationalizing them first and changing out current management? Fiat intends to purchase the ailing US auto, but Congress once blocked China from acquiring Unocal. Incoherent US policies.

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