I have to tell you that I erred a few blogs back. I initially did not support bail out money for Chrysler, which operates as an LLC, a private company. I had figured at the time that Carlos Ghosn would buy Chrysler very quickly so that Nissan/Renault would have Jeep and a solid truck lineup in this country. Still seems like a possible win win with Chrysler gaining business in Europe and Japan, and Nissan/Renault becoming much stronger as well. Now Chrysler needs the bail out bad; there has been too much quiet out of Carlos. Interestingly, tomorrow the Nissan/Renault CEO meets with Nicolas Sarkozy, the French President, and Christian Streiff, top boss at PSA Peugeot Citroen. Maybe a possibility still for Chrysler. I insist it is a good fit.
Give both Chrysler and GM the money into the second quarter 2009; Ford will be OK. But they too should have an available amount of credit just in case.
It just is the right thing to do...
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