[euge]

And such a sad song...

http://youtu.be/MejbOFk7H6c

[tschmidlin]

Crazy

[punatic]

Good to see Government Motors spending taxpayer bailout dollars on something useful.

[denny]

They've paid back all the money, haven't they?

[bluesman]

That took some imagination. 

[punatic]

They've paid back all the money, haven't they?

No.

[dbeechum]

Chrysler is now completely private again. (Owned by Fiat now, which is why we're seeing the new Fiats on the market here and will soon be seeing rebadged Lancias) GM stock is now 30% government controlled. They had an IPO that cut it from 60% last year and that IPO covered almost all of the government money infusion that kept GM afloat.

This is a very popular topic amongst the car folks i hang out with.

[hopfenundmalz]

They've paid back all the money, haven't they?

They paid back what was set up as a loan.  There is still a big chunk of money that was converted into equity.  The Government sold a chunk of that, but still holds about 26% of the company stock. The stock will need to double from its current price for the Government to break even. The IPO covered part of the cash infusion, but not all.

Chrysler is also bringing out cars based on the Alfa Romeo platforms.  See the new Duster for an example.
 

[punatic]

Chrysler is now completely private again. (Owned by Fiat now, which is why we're seeing the new Fiats on the market here and will soon be seeing rebadged Lancias) GM stock is now 30% government controlled. They had an IPO that cut it from 60% last year and that IPO covered almost all of the government money infusion that kept GM afloat.

This is a very popular topic amongst the car folks i hang out with.

Were your friends dealership owners, or stockholders prior to the government takeover?

[dbeechum]

Industry writers, drivers and the like

[euge]

I was under the impression that Fiat has a "stake" in Chrysler not ownership.

[hopfenundmalz]

I was under the impression that Fiat has a "stake" in Chrysler not ownership.

Fiat has controlling interest in Chrysler.

[euge]

That's cool because haven't they had a history with Fiat? The straight 4 2.2L was a Fiat engine that was in all 5 of my Omni's was pretty badass. It wasn't the engine but what was around it that gave the most problems!

[dbeechum]

Let's face it.. once you start following the flow of sharing, parts borrowing, platform extensions and rebadging that goes on in the industry, you kinda get the sense it's like the bloodlines of European royalty.

[hopfenundmalz]

Let's face it.. once you start following the flow of sharing, parts borrowing, platform extensions and rebadging that goes on in the industry, you kinda get the sense it's like the bloodlines of European royalty.

The diagram gets pretty complex, as to who is sourcing what from who.  Fiat has had tie ups with many, many other manufacturers over the years.  Fiat has many divorces from those tie ups too.