The Irony

What Daimler gains from the deal is closing the door on both the
ongoing losses and the liability for future health care costs for
Chrysler’s unionized employees and retirees, estimated to be as high as
$18 billion.

I suppose the lesson to take away is that it’s one thing to be a socialist company, another to be a stupid company, but socialist and stupid just won’t do.

Richard Nikoley

I'm Richard Nikoley. Free The Animal began in 2003 and as of 2021, contains 5,000 posts. I blog what I wish...from health, diet, and food to travel and lifestyle; to politics, social antagonism, expat-living location and time independent—while you sleep—income. I celebrate the audacity and hubris to live by your own exclusive authority and take your own chances. Read More

1 Comment

  1. Kyle Bennett on May 14, 2007 at 11:01

    1988: Daimler buys Chrysler for 37 billion dollars. 2007: Daimler gives it back.

    Holy shit, I wouldn't want to be living in Detroit in the next ten years. It has a long way yet to go in getting worse. On the plus side, the movie industry there may be in for a boom… Like bringing back Snake Pliskin for "Escape from Detroit", more of the RoboCop stories, maybe even Road Warrior 4.

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