http://www.youtube.com/watch?feature=player_embedded&v=JxvURgyJ26w

I guess it wasn't such a bad idea after all

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You're a daisy if you do.
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84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting

OPM

Gee, thanks for the DNC propaganda video.

Question - did they pay back the ENTIRE amount they were "loaned", or as in GM's case, was it only the 10% or so of the total amount that was actually classified as a "loan"?

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Just say "NO" to Ethanol - Drive Diesel

Mitchell Oates
Mooresville, NC
'87 300D 212K miles
'87 300D 151K miles - R.I.P. 12/08
'05 Jeep Liberty CRD 67K miles
Grumpy Old Diesel Owners Club

OPM... In this case, Fiat's.
http://www.bloomberg.com/news/2011-05-24/chrysler-repays-u-s-canadian-loans-as-fiat-increases-ownership-to-46-.html

"Chrysler retired the loans by issuing new debt and using money Turin, Italy-based Fiat paid to increase its stake. The repayment comes almost two years after Chrysler emerged from U.S. government-backed bankruptcy reorganization that gave control of the automaker to Fiat. "...............


The U.S. government now owns 6.6 percent of Chrysler, the Canadian governments own 1.7 percent and a retiree health-care trust managed by the United Auto Workers union holds 46 percent, Shawn Morgan, a Chrysler spokeswoman, said in an e-mail.

The Treasury said today it isn’t likely to recover its remaining $1.9 billion investment in Chrysler.

Would FIAT have purchased Chrysler if it were just a shell?

I don't have any inside details, but from what I can see Uncle Sam provided a Bridge Loan to FIAT for the purchase of Chrysler. This allowed FIAT to secure money to pay off the loan at better terms that if it had to have the funds in a hurry.

All in all it appears to have worked out well for the US Gov. Will it work out well for FIAT is the next question.

GM 'borrowed' right at $50 Billion from the US. Last November it paid back $26 Billion and the US still holds 500 million shares of GM. GM still owes $26 Billion.

US ownership in GM was at 61%. It is currently 26%.

If GM stock hits $53 a share the US will break even. It is currently right at $30.75. If the US gov sold all of its' stock today it would bring in $15,375,000,000 and would still need to find $10,625,000,000 to be made whole.

The US government estimates 1,414,000 jobs were saved.

If these jobs pay an average of $45,000 a year, with a personal income tax rate of 15%, that is $9,544,500,000 a year in revenue to the US Treasury. So far the US has made, over the last two years, $19,089,000,000 in personal tax revenue from this deal.

Therefore, if Uncle Sam sold all of his stock today at a loss we would still be $8,434,000,000 ahead on this deal, and every year from now on stand to pick up around $10 Billion in revenue due to this 'bail-out'.

All in all not a bad days work.

How much interest did they pay on that loan?

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CENSORED due to not family friendly words

Chrysler was paying millions of dollars each day in interest alone, due the 12% rate that was part of the deal. It looks like they are coming back from the dead, but will they learn from the past? I think with less of the short-sighted American style management that got them in trouble to begin with, and no more German starvation diet, they have a pretty good shot. Marchionne is a sensible guy.

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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma

They need to fire the current board which is all made up of hangers-on from the days of Jim "let's make more cars than we can sell to hike our personal bonuses" Holden.

Like Vlad the Impaler said" Kill 'em all let God sort them out."

They ruined the company and got away with it.

Quality is laughable. A bad Ponton is more dependable.

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Strelnik
Invest in America: Buy a Congressman!

1950 170SD
1951 Citroen 11BN
1953 Citroen 11BNF limo
1953 220a project
1959 180D
1960 190D
1960 Borgward Isabella TS 2dr
1983 240D daily driver
1983 380SL
1990 350SDL daily driver alt
3 x Citroen DS21M, down from 5
3 x Citroen 2CV, down from 6

the devil is in the details.... research the gimmicks and accounting marvels that went on like with GM !

Its all a dog and pony show and guess who pays the admission ticket !!

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1979 300D 220 K miles
1995 C280 109 K miles
1992 Cadillac Eldorado Touring Coupe 57K miles SOLD
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1979 240D 140Kmiles (bought for parents) *SOLD.
SAN FRANCISCO/(*San Diego)
1989 300SE 148 K miles *SOLD

Therefore, are well-qualified to work for Congress and OMB.

Because a political thing works does not make the thing a good idea, else the Patriot Act would be a brilliant bit of statecraft.

Any takers?

Wound't that just make your day.

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CENSORED due to not family friendly words

it looks to be a good deal all around to me.

In any case a democratic president could not have let them go belly up.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

It worked out good, glad the government invested my money so well. I'm waiting for my dividend check in the mail.

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2016 Corvette Stingray 2LT
1969 280SE
2023 Ram 1500
2007 Tiara 3200