Chrysler Plan Trims Fiat's Stake, Cuts Out Cerberus

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Published at: online.wsj.com

George DorkhomPresident and Managing PartnerAD&A Worldwide

Auto makers and the dinasourses

April 5, 2009

The US car makers ,especially GM and Chrysler, have caused self inflicting injuries on their operations and other orgnizations that work with them and for them. , I have written in the fall of 2008 about the ultimate need for GM and Chrysler to file for chapter 11 and reorganize under the supervision of the court and have then explained the merits of filing and how fitting these companies' circumstances to such filing. My article was not that popluar at the time ,because I think the auto industry insiders are and still in denial with the arrogance that how could it be possible that GM is in Bankruptcy ? well it is possible and if this was done early on, we the tax payers would not have to throw good money after bad money , and also the bleeding would  perhaps have stopped ..sort off.Chapter 11 to flush out the old GM and Chrysler and emerge as a new, strong, leaner and perhaps smaller companies is the answer,  of course with a different management team that know the real world.

That's a Spicy Meatball!

April 1, 2009

Analysis by: GLG Expert Contributor

This partnership is doomed from the outset with Cerberus having nothing to loose and Fiat left without anything to gain - replay Renault/AMC venture.