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OldRide Answers Home Using OldRide Answers Ask a Question   Browse Questions In: AMC Buick Cadillac Chevrolet Chrysler Dodge Ford Lincoln Mercury Oldsmobile Packard Plymouth Pontiac Studebaker Volkswagen Other Makes Classic Trucks  General Topics General Questions Help Identify Classic Car News General Restoration Vehicle Maintenance Site Suggestions & Comments            Search Questions:    mustangboss      What do you think about Chrysler filing for bankruptucy? How do you think President Obama is doing with the auto insustry? What do you thingk about Ford, GM, and Chysler?? posted: April 30, 2009       Answers (9)   pickeringpete      Think this was their only option really. I forget who said it but someone said "This country is 7 Trillion in debt and yet we still have a checkbook, why?". Same with Chrysler, who was still loaning them money when they were that far in the red and why? Time to get back to reality, if you dont have the cash in hand to buy something, dont buy it... posted:  April 30, 2009   mustangboss      I agree completely! posted:  April 30, 2009   toulebag      Obviously the saying "Those who cannot learn from history are doomed to repeat it." doesn't register with the automobile industry. It seems like the government is always bailing them out. posted:  April 30, 2009   spudder      I also read that FIAT is becoming a major shareholder in the company, FIAT..... Didnt they disappear around the 70's? What have they been producing which has kept them in the green all this time? posted:  April 30, 2009   mustangboss      I had never even heard of Fiat until now. Do you think President Obama is handling everything well? posted:  April 30, 2009   ericb      Chrysler partner with FIAT? Does anyone at Chrysler not remember it cost GM something like $1.5 billion to terminate a rediculous relationship with FIAT. This was only 4 years ago... posted:  April 30, 2009   vintagecollector      Such is the ebb and flow of the auto industry. Don't you remember that Chrysler was saved from bankruptcy in 1979 by $1.5 billion in federally backed loans after chairman Lee Iacocca convinced congress that it was too important to fail? posted:  May 1, 2009   mustangboss      Lee Icociaa was the chairman of ford want he. he was like the father of the mustang posted:  May 1, 2009   yogi      That's like asking what do I think about the Republican push for deregulation of Wall Street and no one using any gray matter to bother asking why was it regulated in the first place. You can thank Senators Phil Gramm and John McCain along with the rest of the repoopican party for this recession. posted:  August 14, 2009

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