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Your Daily Chrysler Fix: Just The High Points

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There are so many stories about Chrysler buzzing across the interwebz that we could never cover them all in depth. Instead, we're going to bring you up to speed with tasty, soundbite-sized recaps of the bigger pentastar items. Read on, well-informed citizen:

Bizarroworld Economics -- You know what's crazy? The fact that Chrysler isn't likely to repay the $4.5 billion in bailout loans it took from the U.S. and Canada. You know what's really crazy? After Chrysler and Fiat are officially hitched, the company will get $6 billion more. Did we completely sleep through Econ 101, or has Chrysler seriously misunderstood the concept of "loans". [DetNews]

Caught in the Crossfire -- Chrysler pissed off most of middle America by asking for bailout dollars. It's frustrated the governments of Canada and America (see above). And of course, the company has also made creditors very, very angry, indeed--something about said creditors taking a loss on nearly $5 billion they loaned to Chrysler. The creditors have whined about it for some time, and now they're getting death threats. So either (a) Chrysler fans need to lay off the Sopranos re-runs, or (b) someone must really like his Town and Country. [DetNews]

Wheeling and dealing -- Later today, Chrysler will likely announce a new dealer incentive program. That may generate more sales on the lot, but will it generate any cash? [CNN]

Fix it again, Tony -- Just to add insult to injury, J. D. Power has released customer satisfaction rankings for autos in the U.K. Of the 28 makes on the survey, Fiat clocked in at...28. Dead last. Hey, Chrysler: ever see that movie, Runaway Bride? Y'know, just a suggestion. [MotorAuthority]

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Comments (8)
  1. "We missed the Econ 479 class "Advanced Swindling""

    No one's surprised that "loan" has transmogrfied into "present from the government". That's why Americans call it a Bailout.
     
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  2. "Can I start flipping RAMs from my Toyota now???"

    With Italian ownership and most Chryslers being built in Mexico and Canada anyway, is it still patriotic to get anything from them? Can we just send them to Sicily now?
     
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  3. "To be fair..."

    How low were Lancias, Alfa Romeos, Maseratis, and Ferraris (all "fiats") rated?
     
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  4. "UNRELIABLE "

    Don't believe the surveys they arenhighlyn unreliable. If you believe the non sense in CONSUMERS REPORTS, you in trouble. Pure rubbish!
     
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  5. "About the survey"

    Unfortunately, the 2009 survey hasn't been posted yet. However, you can see the 2008 survey here: http://www.whatcar.com/NonCar/7588125111.jpg.
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    You'll note that Fiat scraped the bottom last year, too. Not a great sign.
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    As for accuracy, certainly no survey is perfect. But I don't think you have to ignore the results just because there's a 5% margin of error.
     
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  6. "Fiats have always been crap"

    What you surprised by this data, FIAT's and all thinsg Italin Automotive inclduing any Ferrari pre this millenia, have often been great cars to drive but absolute buckets of drek when comes to reliability and build quality. FIAT: Fails Internaly at Any Time
     
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  7. "Sr. Engineer"

    Isn't this the definition of dumping?? Chrysler (and GM) is getting free money from the taxpayers with no need to repay so they can drop their prices to steal sales from Ford. That will put all three domestics in the same situation and dependent on handouts from Obama. Aren't you glad you voted for CHANGE???
     
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  8. "Dumping!"

    They're closing factories and brands for our money. Let them downsize to zero for as much as I care but not for our cash. It's the first time Obama dropped the ball - I'm pissed... They need to stop the flow of cash and the upcoming $5 billion!!! It should be Fiat's problem now.
     
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