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GM, Chrysler seek billions more, to cut more jobs
- jacquesm 18y agoFord will ride this out, I'm not so sure about GM and Chrysler, they may be beyond salvage. The Chrysler/Fiat deal was quite telling, essentially a good chunk of Chrysler changed ownership just for the right to sell Fiat under the Chrysler label. Fiat is arguably the European car brand with the worst quality image, sure their cars are small and economic but that's not all there is to a car brand. The fact that Chrysler seems to value itself at '0' is quite an eye opener, and if the news is any indication GM might find itself in Chinese hands after all, with or without congressional approval simply because they will be debt so much with their suppliers that they'd have to change ownership or shut down. Scary times to be in the auto industry or in any part supplying to or dependent on the auto industry.