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<blockquote data-quote="TerryMiller" data-source="post: 2109643" data-attributes="member: 7900"><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">I don't think Fiat bought out all the shares owned by the two governments. This from a news story:</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">"Here's the bottom line on the federal money: In exchange for a $12.5 billion bailout of Chrysler and its financial arm, the government got $7.1 billion in debt and a 9.9 percent equity stake in Chrysler. Chrysler has repaid the loans and parent company Fiat bought the government stock. <strong>The government got back $11.2 billion, but it won't get any more.</strong></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"><strong></strong></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">At GM, the government is $27 billion in the hole on a $49.5 billion bailout. Although taxpayers own 26.5 percent of GM stock, the shares are trading for less than half the $53 price needed for the government to recoup all its money."</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"><a href="http://finance.yahoo.com/news/why-matters-auto-bailout-122429090.html" target="_blank">The source of the story is an AP story at Yahoo! Finance</a></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px">And, because of the story in the link below, the unions may soon lose out as Fiat is considering moving (at least some) of the auto production overseas and then importing back to the U.S.</span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Georgia'"><span style="font-size: 12px"><a href="http://nlpc.org/cached/fiat-says-chrysler-jeep-production-may-move-italy.html" target="_blank">Auto Bailout Bombshell</a></span></span></p></blockquote><p></p>
[QUOTE="TerryMiller, post: 2109643, member: 7900"] [FONT=Georgia][SIZE=3]I don't think Fiat bought out all the shares owned by the two governments. This from a news story: "Here's the bottom line on the federal money: In exchange for a $12.5 billion bailout of Chrysler and its financial arm, the government got $7.1 billion in debt and a 9.9 percent equity stake in Chrysler. Chrysler has repaid the loans and parent company Fiat bought the government stock. [B]The government got back $11.2 billion, but it won't get any more. [/B] At GM, the government is $27 billion in the hole on a $49.5 billion bailout. Although taxpayers own 26.5 percent of GM stock, the shares are trading for less than half the $53 price needed for the government to recoup all its money." [URL="http://finance.yahoo.com/news/why-matters-auto-bailout-122429090.html"]The source of the story is an AP story at Yahoo! Finance[/URL] And, because of the story in the link below, the unions may soon lose out as Fiat is considering moving (at least some) of the auto production overseas and then importing back to the U.S. [URL="http://nlpc.org/cached/fiat-says-chrysler-jeep-production-may-move-italy.html"]Auto Bailout Bombshell[/URL][/SIZE][/FONT] [/QUOTE]
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