Europeans Not Convinced Fiat-GM Deal Is A Good Thing

MARY BARRA NEEDS SOME INSURANCE HERSELF, SHE WAS THE HEAD ENGINEER DURING THE IGNITION THAT KILLED 200+ PEOPLE AND THOUSANDS OF INJURIES. PLUS OTHER GM EXECUTIVES KNEW ABOUT THIS...AND YET NO ONE HAS GONE TO JAIL OR GAS CHAMBER! SHAME ON GM SHAME ON OBAMA SHAME ON UAW SHAME ON BAILOUT. FCA LAST CHANCE IN THE WORLD...ONLY THING WORTH HAVING IS POS JEEP BRAND. ALL OTHER FCA VEHICLES ARE WORSE THAN A YUGO. IF THEY MERGE - CAN KILL TWO DUMBASS BIRDS AT ONE TIME.

Sorry - but there remains NO indication that Mary Bara knew anything about those ignition switches - and as Global head of Engineering - it would hardly have been the type of part that would have been brought to her attention - less than $1 to make. In those years - ignition switch recalls included BMW, Rolls Royce - FCA - Mercedes - and AUDI-VW as well. However - there are hundreds of thousands of jobs in the USA - plus more in other places - that would have disappeared had Chrysler and GM not been bailed out - which is a separate issue that also has nothing to do with the ignition switches. I note you failed to mention the bailout of the Banking industry - which took far more money.

The real shame is on George Bush for deregulating the financial industry leading to the conditions that caused a global financial meltdown that was second only to the great depression. Deregulation allowed Banks and Financial institutions to make products that people really could not afford - but they sold them anyway - (Especially in the mortgage area). Without the Meltdown - and the subsequent loss of liquidity in world markets - there would have been no need for a bailout. We are STILL suffering over that conservative lack of judgement. Set greedy people free from regulation - and they will take advantage of it.

IF LIVES were your REAL argument - then in the years that these ignition switches were a subject - there were many Tens of THOUSANDS of people who lost their lives in crashes where excessive speed was the principal cause of the deaths - and YET -I do not see you advocating for a way to prevent a car from going over the speed limit - which is technically possible. In addition - even deaths attributed to cars being driven while on a phone or Texting ALSO exceed the amount of the switches as well. And yet - I do not see YOU advocating for these devices being disabled when in a car - which is also technically possible.

WE could imbed roads with electronics that could be read by governors in cars that limit the speed of the vehicles driving on them. That would save thousands - why are you not suggesting that one?

Clinton actually started the bank stuff, coupled with Barney Frank making banks lend to folks with poor credit. Bush didn't stop it when it started to look bad.

Agree with you comments re Barra. Execs of large organizations don't know what a few hundred thousand people are each doing. If one believes that they should be the then Obama should be held responsible for the EPA gold mine mess!

Tom, you're just an ass. Clinton and DemonRats are completely responsible for the crisis 150%, pull your head out of your @$$. Love how libs jump to blame others for their messes... Oh and the "bailout of the Banking industry - which took far more money" -> paid back 100% Plus interest not billions lost and did not prop up the UAW or provide billions directly to liberal constituents. The Shareholders and risk takers lost billions but the UAW was given billions. I would rather have seen that money set up into a fund directly for the employees of the Big 3 vs give to the UAW which launders money directly to the DemonRats. Billions from producers given to non-producers. Had the "CH 11 Reorganization" been done the legal way, like any other company going thru CH11, the UAW would not exist today, which is why it wasn't done the legal way...

Vette71 - Bush tried to fix the Clinton/Frank/Dodd mess but would not use extra constitutional methods like Barry Soetoro has... next time maybe?

FCA + VWAG makes much more sense.

The only thing I see as working in this relationship would be economies of scale for purchasing and product development. That said lots of nameplates and models will die? However I still don't see GM needing this. Perhaps FCA + Mistubishi, Mazda, Peugeot-Citroen, maybe another? That said Mazda is with Toyota and the others are all money losers... Its a shame that Germany has VW, BMW, Mercedes; Japan has Toyota, Nissan, Mitsu, Mazda, Subaru, - have I left any out? But the USA now only has 2 GM & Ford....

Combining bankrupt companies usually does not make for a sound combination.