Interesting news this morning about the failing auto industry. Chrysler and GM are waiting patiently for news out Washington on how much or will the government help the cash strapped automakers. Its reported that that the American automakers are now coasting along on cash fumes. It will be any day now that the car giants will run out of money. Incredible. In comparing the car makers across the globe and the steep losses projected all around, one car company, FIAT, is plugging along on losses but still managing to stay afloat with some cash in their account. FIAT has been known to rise from the dead in past years and reinvent themselves. This is the same car company that is the mother to the Lancia, Alfa Romeo, Maerati and Ferrari. So, here it is once again..another financial crisis..will FIAT outlive the US automakers?
http://www.courant.com/news/opinion/editorials/hc-rennie1214.artdec14,0,4779797.column
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