Chrysler will be merged with somebody or disappear into small pieces. But regardless of that, auto sales are down 25%. It means that employment in the auto industry will have to drop 25%.
Chrylser was "merged" into Daimler. Daimler got their up-close look, wrote them off as having $0 value, and spun them back out.
Don't think it can be over-stated in just how bad shape these outfits are. Decades of collusion between management and union leadership to keep payrolls as bloated as possible, to keep "too big too fail" status as long as possible.
Keeping them alive makes a mockery of "free enterprise".
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