3 ms·
IIRC from reading his autobiography, his position was slightly more nuanced. It went something like the following: 1. The government requires Chrysler (like ev
by jogjayr 7y ago
IIRC from reading his autobiography, his position was slightly more nuanced. It went something like the following:
1. The government requires Chrysler (like every other manufacturer) to put in catalytic converters and other things
2. But for anti-trust/collusion reasons manufacturers aren't allowed to collaborate on developing these things and splitting the cost
3. As the smallest carmaker it has been most expensive for Chrysler to do, as there are fewer unit sales to amortize the costs over
4. Since government regulations are partially responsible for putting Chrysler in this position, the government should help with a bailout
Again it's been a long time since I read the book so maybe I'm remembering it wrong.
For #2 one could argue "just source those things from a 3rd party supplier then". I don't know if that argument was ever made.