Quote:
Originally Posted by dynalow
The Chrysler bailout had it's critics too.... It repaid it's loan ahead of time and has survived for another 25 years...
This analysis agrues against the bailout...in 1980...
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I read the analysis. What it doesn't state is that Chrysler decided to turn itself around immediately by introducing products that actually would meet buyer's needs! Their (then) product offerings fell far short of the other makers, especially in light of the "rising sun" gaining ground.
I remember Lee Iacocca's commercials touting the new "K" cars. They are laughable by today's standards, but back then, it was exactly what the market needed, and helped to turn the company around rapidly.
Will the car makers today introduce products to turn their situation around after a bailout? Or will they continue to churn out "big American iron"?