is Back!
Aaaand...
...now it's gone again.
Chrysler selflessly volunteers to absorb part of America's dangerous money surplus:
Chrysler Gets $4 Billion Loan in U.S. Bailout
By JEFF BENNETT
DETROIT -- Chrysler LLC received its $4 billion low-interest federal loan Friday, helping the auto maker continue funding its operations.
"This initial loan will allow the company to continue an orderly restructuring, while pursuing our vision to build the fuel-efficient, high-quality cars and trucks people want to buy," said Chairman and Chief Executive Robert Nardelli in a statement.
Undisclosed issues in Chrysler's application process slowed the payout, which was slated to be made by the end of December. General Motors Corp. received a loan payment of $4 billion on Wednesday and is scheduled to receive more money during the next two months.
...
2 comments:
that would, of course, be the same Nardelli who nearly ran Home Depot into the ground, then parachuted away in a golden 9-figure canopy, now, ahem, "leading" Chrysler? Watch the money burn, baby, burn. May he spend eternity driving the rutted, flaming volcanic roads of perdition in either a 1962 Dart (complete with push-button, dash-mounted shift) or a 1985 Reliant K.
can you imagine paying 8.6% on a car loan for a Chrysler? Bwa ha ha ha.
Chrysler/GM/Ford? I want a free car with 1500$ cash back and 8000$ trade in for my five year old minivan full of old Cheerios.
And I think we're getting to the point where some US car dealers would take that.
Post a Comment