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Back to To the Point

To the Point

Today, It's Chrysler... Tomorrow, GM?

President Obama says he does not want to run a big automaker , but the federal government could end up owning 50% of General Motors. In the meantime, it will own 10% of a new, multi-national company when Chrysler merges with Fiat , presuming, of course, that bankruptcy goes well.

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By Warren Olney • May 12, 2014 • 1 min read

President Obama says he does not want to run a big automaker, but the federal government could end up owning 50% of General Motors. In the meantime, it will own 10% of a new, multi-national company when Chrysler merges with Fiat, presuming, of course, that bankruptcy goes well. Big banks who've accepted billions in federal bailouts didn't have much choice when Obama demanded they take "haircuts" to keep Chrysler in business. But smaller investors, including hedge funds, said no deal, forcing Chrysler's reorganization in bankruptcy court. We hear about the economics and politics involving investors, unions, part suppliers and dealers. Also, what about the cars? Will American drivers change their ways and go European?

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

  • Sonya Geis with wavy brown hair wearing a black dress with red accents and decorative earrings against a white background.

    Sonya Geis

    Senior Managing Editor

  • KCRW placeholder

    Christian Bordal

    Managing Producer, Greater LA

  • KCRW placeholder

    Neil King

    Wall Street Journal

  • KCRW placeholder

    Bruce Belzowski

    Research Scientist, University of Michigan Transportation Research Institute

  • KCRW placeholder

    Dan Neil

    Wall Street Journal

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