And another one bites the dust
An interesting conjecture -- from
USA Today:
Will U.S.-revived Chrysler's headquarters move to Italy?
Now that Fiat is buying out the U.S. stake in Chrysler Group -- giving it a 52% majority -- and is moving to merge the companies, it raises a question: Where will the combined company call home?
It's a tricky political and symbolic question. Chrysler was saved from the abyss by the U.S. in 2009. Fiat's deal this week to buy the government's remaining 6% stake for $500 million still will leave a final bailout cost to taxpayers of almost $1.5 billion. They may not be pleased to see it moved offshore.
No shit SHerlock...
More:
But Chrysler now will be owned by Fiat -- Italy's largest employer and a source of national pride -- which has its historic home in Turin). Chrysler's current headquarters is it's glossy campus in Auburn Hills, Mich., built in the 1990s.
But when will the decision be made -- after the 2012 election no doubt -- see which way the wind is blowing. Will we have payed over $1.5 Billion to save Italian jobs?
Posted by DaveH at June 5, 2011 11:55 AM