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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

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      Sonya Geis

      Senior Managing Editor

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      Christian Bordal

      Managing Producer, Greater LA

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      Neil King

      Wall Street Journal

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      Bruce Belzowski

      Research Scientist, University of Michigan Transportation Research Institute

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      Dan Neil

      Wall Street Journal

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