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Let me get this straight.
As many of you know I am no fan of unions. With that said.
2009 Chrysler declares chapter 11 bankruptcy.
Chrysler defaults on approximately $4 billion in debt.
Chrysler receives a government tax payer bail out of one 1.3 billion.
Chrysler emerges from bankruptcy with the UAW owning 65% of the company, and Italian automaker FIAT owning the other 35%.
Chrysler pays back it's government bailout money.
Last January the UAW sells all interest in Chrysler to FIAT.
At the end of the day here is what happened. The UAW single-handedly destroyed through oppressive demands an American built company founded in 1925 forcing them into bankruptcy. Investors are screwed out of $4 billion in investments. The taxpayers shoulder the burden to keep the American company alive. It emerges from bankruptcy on solid ground with 65% ownership going to American unionized auto workers. They sell all interest in the company henceforth making it in Italian Corporation. I don't ever in my life want to hear another UAW worker say "Buy American". Living proof that the UAWs greed has no bounds, no morals, and the last thing they give a shit about is an American company.
As many of you know I am no fan of unions. With that said.
2009 Chrysler declares chapter 11 bankruptcy.
Chrysler defaults on approximately $4 billion in debt.
Chrysler receives a government tax payer bail out of one 1.3 billion.
Chrysler emerges from bankruptcy with the UAW owning 65% of the company, and Italian automaker FIAT owning the other 35%.
Chrysler pays back it's government bailout money.
Last January the UAW sells all interest in Chrysler to FIAT.
At the end of the day here is what happened. The UAW single-handedly destroyed through oppressive demands an American built company founded in 1925 forcing them into bankruptcy. Investors are screwed out of $4 billion in investments. The taxpayers shoulder the burden to keep the American company alive. It emerges from bankruptcy on solid ground with 65% ownership going to American unionized auto workers. They sell all interest in the company henceforth making it in Italian Corporation. I don't ever in my life want to hear another UAW worker say "Buy American". Living proof that the UAWs greed has no bounds, no morals, and the last thing they give a shit about is an American company.