News Flash, Hussien just announced

[Master Blaster]

his solution to the automotive crisis is to sell off one of our great marques to a foreign company.  Fiat of France will own Chrysler.  Another step toward degradiation of our power in the eye of the world.  Of course thats the ultimate aim, One World Government, and guess who wants to be King.

[Bonzo]

Take a deep breath, its OK.

1: Fiat is an Italian company (not that it matters)

2: Chrysler is already majority owned by a foreign company, Daimler Benz

The rest you have to figure out on your own.

[JerryB]

Benz owns 20% of Chrysler.When Fiat takes it's 35%,it will then be an overseas company....JB.

[Bonzo]

I'm sorry, you are right Daimler Benz bolted and sold about 80% to Cerberus Capital Management, who by the way refused to put any extra money into Chrysler. Who is Cerberus chairman? Snow? Who's Secretary of Treasury was he?

[..]

I'm not a PresBO fan.

If Cerebus is privately owned how does PresBO get to sell Chrysler???

If PresBO says no to more bailout $ is he also wrong.

Don't forget George handed Chrysler a wad of cash.
http://online.wsj.com/article/SB122969367595121563.html

[Bonzo]

Regardless of the politics,I believe that Chrysler and Fiat entered into a "Strategic  Agreement" around January 20, 2009. It is a pretty interesting deal. Fiat made cars sold in America under the Chrysler  lines. The article I read also stated that Fiat will also help Chrysler with its restructuring plan, having had success in their own.