"But it looks like Chrysler has run out of comebacks. Shortly after Nardelli wrote those words, Cerberus entered talks with General Motors to unload its Motown mistake. Despite reports of an impasse, a deal still appears to be just around the corner—if GM and a growing chorus of politicians can convince the federal government to put up $10 billion to $15 billion to finance the two ailing automakers' marriage of convenience. That means Chrysler, after defying death for decades, will finally succumb. Analysts expect GM to slash 34,000 Chrysler jobs—half its workforce—and shut down production of all but a handful of its slow-selling models. 'Chrysler as we know it will cease to exist very soon,' says auto consultant Kimberly Rodriguez of Grant Thornton, which predicts half of Chrysler's 14 factories will close."
There are so many things wrong with this scenario, from industrial hubris and severe family dislocation to government-sponsored socialism for the fat cats who went from "high and mighty" to insolvent jerks.
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