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IPFS News Link • Economy - Economics USA

Chrysler in talks with Renault and Magna: sources

• Reuters
Chrysler is in talks to sell key assets to Nissan-Renault and auto supplier Magna as it rushes to restructure after taking $4 billion U.S. government loans, according to people with knowledge of the discussions.

1 Comments in Response to

Comment by Brock Lorber (11655)
Entered on:
Wait. Sell off key assets; doesn't that take the support of shareholders? Wouldn't prudent lenders call notes due as a result of such an action?

On further reflection I've decided that I'm an idiot for paying taxes to support such an operation. I suspect I'm not alone.