Thursday, November 21, 2013

Oh crap. Another union bust on the horizon?----Chrysler fights to stay on course

Chrysler fights to stay on course | The Detroit News
But there is a growing sense among some analysts that Chrysler and Fiat may have overreached in their effort to create a globally competitive car company out of two troubled also-rans.

“..... But he believes that at least some of Chrysler’s recent issues are tied to trouble overseas.

When Fiat took over a bankrupt Chrysler in 2009, many analysts worried that the Auburn Hills automaker would drag down the resurgent Italian carmaker. 
Instead, the European automobile market collapsed. 
Sales in Italy fell to levels not seen since the early 1980s. 

And Chrysler became a lifeline — the only source of profits on an otherwise dismal balance sheet.
But labor disputes and the market weakness back home have forced Fiat to re-evaluate some of the product plans it had for Chrysler.

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