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Originally Posted by ciderbarrel
I thought Chrysler was owned by FIAT.
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Essentially it is. Quoted from Wiki:
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On May 24, 2011, Fiat paid back $7.6 billion in U.S. and Canadian government loans.[88] On July 21, Fiat bought the Chrysler shares held by the United States Treasury. With the purchase, Chrysler once again became foreign owned; this time Italian car maker Fiat gained majority ownership and control of Chrysler.[89] The United States government’s involvement in the Chrysler bankruptcy cost the U.S. taxpayer $1.3 billion.[89]
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I see very few Chryslers or FIATS on the road.
If FIAT gives up on Chrysler, the US government probably won't bail them out (again).
And Lee Iacocca isn't influential any more, or around to make it happen...
