This topic focuses on issues relating to the auto industry.
Auto Industry
Foreign-owned Fiat Takes 100% Control Over Chrysler
AUBURN HILLS, MICHIGAN. Get ready to say goodbye to the #3 American owned car company, Chrysler Group LLC will now be 100% owned by a foreign auto-manufacturer, Fiat S.p.A. Fiat will retain and use the Chrysler name and brand.
Full update on the Chrysler and GM bailouts, and how taxpayer lost money on both bailout, but could have made a profit if they had taxpayer’s interest in mind. Read More…