bad decision

Legacy costs now consist solely of lawsuits from this point on!

I believe all lawsuits from past errors/whatever are also gone. This is a new company.

Breaking News:

Fiat-Chrysler Announces new incentives, rebates to boost sales.

$1500 Consumer Cash on Dodge Panda

0% Financing on 2010 Fiat Challenger 1.4

Sigh

I eagerly anticipate the new Fiat 500-based Dodge Hola, designed to combat the Ford Fiesta and Chevy Viva!

Thank you, you slob Union workers.

As I’ve said before this was preordained from day one. It’s not my place to comment on your politics but I’ve also said before I respect your President Obama if only for the fact he stated his position from the start and made it happen. That constitutes a leader in my books.

I’ve also been a Chrysler guy since the day my father rolled up in his brand new ‘67 Newport 383 2 door. As melancholy as this might sound if Chrysler had died a little piece of me would have died as well.

Perhaps the auto industry can finally abolish antiquated unions now.

Emerge from bankruptcy with a huge shiner.

…finally abolish antiquated unions now?…. Not, really, This whole back room deal was to preserve the union, that contributed millions to the campaign. A legal bankruptcy would have voided the union contracts, and forced Chrysler to make hard business decisions on their own. Now the Fed, and union has its own people on the board, to make decisions, that serve, in their own best interests. We live in interesting times.

Great victory for UAW and CAW, widows and orphans get one up the a$$ (maybe 2 – 1 each). Cops will be ticketing UAW in Indiana and teachers will teach children not to buy anything that is made by UAW. The buy list will be Hyundai, Honda, Toyota, Mazda, Nissan and Tesla. I have no idea what retaliation construction guys can do to UAW guys, I do know that quality of our homes is not as good as cars of 80’s made by Big 3.

Actually I don’t see any other news outlets commenting or printing story. Is LLN the only one in the courthouse?

OOops just got of Reuters:
The new company, Chrysler Group LLC, will be owned 20 percent by Turin, Italy-based Fiat, 9.85 percent by the U.S., 2.46 percent by Canada and 67.69 percent by a United Auto Workers union retiree health care trust fund. The U.S. and Canadian governments financed the sale with $2 billion.

Lets face it the company (or 2/3 of it) is presented to UAW. Nice payback for some, big screw for others. Congrats to winners. Now those cars will really improve.

The Union-bashing here is saddening.

Don’t like Unions?

Never, ever phone 911 if you need help. Never ask for the help of a police officer or fireman, Never.

Send your children to non-union private schools and don’t drive there in any of the following cars made in their home countries: Toyota, Honda, Nissan, Hyundai-Kia, BMW, Mercedes, VW, Mitsubishi, and certainly don’t drive on the many highways and roads made by Union workers.

Turn off Rush Limballs. if you somehow feel screwed-over by the UAW, while you drive your Acura, you have some deep issues to deal with, little boys. Sad.

zoomzoomer: LMAO! Thanks, I needed a good laugh this week. You’re right, pretty soon all the damn small car names are going to be Spanish…

whatever. I don’t care. just help Viper survive.

Unions in any form have not been needed for quite some time bro.

But, to reiterate my statement, it was in reference to AUTO unions in particular.
Good thing you read that, huh MGBYG.

Sweet!

All you labor/union haters…EAT IT!

The lawsuit was completely politically-motiivated. State Treasurer of Indiana is GOP, which means they hate US car companies.

The same unions that fought life and death for benefits has won another round against fascist Americans who would love most to have Chinese wages w/no benefits.

Eh!! Just as long as they build something that I wont be embarrassed to rent when i go out of town, its whatever at this point

GEt ready for Fiat to ruin the Jeep brand with mini cars that can climb over a small rock.

The lack of good compacts are what brought Chrysler down. They (Yes, I meant Daimler and Chrysler US execs) let the Neon and PT Cruiser die while chucking out Aspens, Nitro, et al. Then they screwed up the Sebring re-design. It’s the LACK of attractive small to mid size cars that put Chrysler in trouble. No wonder Ford is riding the wave better than the cross town rivals with the Fusion.

Whatever Fiat does, please give the new Chrysler cars BETTER INTERIOR! Grey plastic is not attractive at all.

As to the rejection, the Supreme Court felt that the appellants did not fulfill their burden to convince at least 4 justices that a full hearing is warranted. This is a Bankruptcy case, and it’s a matter of WHO is left holding the bags, but someone will. The Pension Funds bought the mere 1% debt with 43 cents on a dollar in 2008. It was an investment opportunity and they made a bad investment decision. They made their beds and they need to sleep in it. I applaud the US Supreme Court decision not to intervene.

I will patiently wait and see IF the UAW really has much to say about the future of this company. The government has so little shares they hopefully will have little control and I doubt Fiat would allow it if they did. In fact where will the company be based? Italy???

First item will be how many on the board are placed by the union trust fund. We have heard about GMs board being partially replaced but I missed anything on Chrysler. Anyone have anything?

One thing that is important is that the VEBA is run independently by an outside financial firm and should not have any real connection to the UAW personnel directly. Look for them to sell some of their shares as soon as feasible because they need the cash to do what they are supposed to do, pay for retiree health care. Most likely they will quickly diversify their holdings and own little of the company if any.

zoomzoom and 1c3dog, please consult a globe asap and learn where spain and italy are (here is a clue, they’re different countries), and then note the difference between the spanish and italian languages…

ciao, baby