Thursday, January 22, 2009

Fiat Blackmails Chrysler

Apparently the people that run Chrysler are even more stupid than I thought they were. Seems Chrysler has been working on a deal where they would give Fiat a 35% stake in the company under the condition that Chrysler pays Fiat $3 billion dollars. Huh? Let me see if I have this right. Someone wants to aquire 35% of my company but I have to give them $3 billion first? To make matters worse, Chrysler needs the good old US government to give them the $3 billion so they can give it to Fiat. Of course for the $3 billion Fiat would provide technology and vehicles that Chrysler could build and sell in the US. Well that makes sense. Everybody knows how great Fiat cars are. WTF?

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