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By Government Fiat Alone

Ailing automaker Chrysler LLC has entered into an agreement with Italian carmaker Fiat SpA. The deal would involve an exchange of technology and access to distribution networks, giving Fiat a 35% stake in Chrysler without it having to pay a single euro. However, the deal will only become binding if the US government guarantees $3 […]

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Putting It In Reverse

The once stalwart US auto industry has been brought to its knees. A plethora of problems, including poor management decisions and crippling labor laws, have virtually wiped out shareholder value and corporate profitability, endangering thousands of jobs and retiree pension benefits. The executives of the “Big Three”—Ford, General Motors, and Chrysler —are now asking for […]