Perrysburg Dodgeboy wrote:
One, the "first bailout" was not done by the Government it was done by the employees! They put up money from their retirement fund to bail out the company not the Government. The only thing the Government did was OK it and guarantee the loan if Chrysler could not repay it. It was paid back early and at 100%! Not one dime of tax payer money was used!
Then why was Iacocca begging for $$ From You and I in the 80's? Chrysler was days away from dying, and the gov't should have said "Buh Bye" then.
Unfortunately for GM and Chrysler they did not have their original family's running their companies anymore.
About the only factual thing in your post. Yes, Ford mortgaged the bank, and the Ford family still controls the company.
As to the QC remarks, I would put our quality up against almost any other car company out there. I can say first hand that FCA is 100% commented to building a quality product and like every other car company out there we do make some mistakes. The problem is when you are only selling half the vehicles that some others are selling it doesn't take much to skew your numbers.
Of course you would - they pay you every week.
Every single place that rates quality and long term dependability has FCA vehicles at or near the bottom. Now either they are all out to get you or there's something to it. I go for the latter. Ford and GM have had some bad years and the ratings show it. FCA, as a whole has been scraping the bottom for, what 20 years now?
Chrysler has always made garbage and probably always will until they (finally) go out of business.
Ask yourself this - if Chrysler was so great and FCA was in such awesome financial shape, why would Sergio be selling off bits of the company and begging for consolidation. GM, Ford, Toyota, Nissan, Mazda, VW, Subaru, etc don't have the same outlook. Nor do they need it.
