Thursday, April 23, 2009

Truth hurts

This may be the most honest assessment of the state of Chrysler and GM that I have yet read. It looks like FIAT thought better of the purchase of Chrysler (or have they?)...which was probably the best thing for all parties.

The question is can Chrysler survive bankruptcy? My guess is that only parts of the company will remain, most likely those associated with successful model lines like Minivans and Jeep SUVs. Look for Ford to buy up turnkey Chrysler factories at uber-discount prices...which will probably end up helping Ford kill GM a few years down the line due to its weakness from having to through bankruptcy.

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