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Chrysler bailout/ was Re: TR7 - Good or Bad?

To: Mike Lishego <mikesl@tartan.sapc.edu>, mgs <mgs@Autox.Team.Net>
Subject: Chrysler bailout/ was Re: TR7 - Good or Bad?
From: The Richards <smrm@coastalnet.com>
Date: Tue, 02 Dec 1997 07:35:46 -0500
At 02:35 AM 12/2/97 -0800, you wrote:
>John McEwen wrote:
>>  To think that the greatest auto and
>> motorcycle names of Britain are dead and gone - Austin and Morris, BSA and
>> Norton - is a sad commentary on the history of a great nation.  No other
>> country stood by and witnessed such an amazing loss.
>
>That's where I might have to differ on this argument.  Didn't Chrysler almost 
>disappear in the late eighties/early ninties?  I remember hearing rumours
about their 
>demise, but no talk of what would be done.  Thankfully, they pulled
themselves up by 
>the bootstraps and built the new Ram trucks.  If I'm wrong, please correct
me, this 
>is only what I had heard at the time.

Mr. Lee went to Congress hat in hand and received a massive loan for
Chrysler. To that august body's credit, Congress didn't really try to run
Chrysler. And to Mr. Lee's credit, Chrysler paid the loan off early.

Michael, New Bern, NC


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