Tag: shyster

By on April 11, 2011

In a few weeks, Fiat will be handed another 5 percent of Chrysler as brownie points for meeting another milestone in its agreement with the U.S. and Canadian governments. Another milestone will be reached in the fourth quarter, Sergio Marchionne told Reuters today. That will bring Fiat’s ownership in Chrysler to 35 percent. But Fiat and Marchionne want more: Majority control, i.e. 51 percent. That needs a bigger milestone: Repay a $7 billion government debt. Marchionne thinks he can do it. (Read More…)

By on February 6, 2011

Fiat CEO Sergio Marchionne stepped into a minefield by calling the high-interest bailout loans provided by the U.S. and Canadian governments in 2009 “shyster loans.” Some called him an ingrate, others branded him a racist. Yesterday, Marchionne apologized. (Read More…)

Recent Comments

  • stuki: “Every single airliner in use today was sold as a “paper airplane,” Which is why we’re still...
  • Jeff S: @Arthur Dailey–Being young, single, and spending money on material things you maybe could have lived...
  • Jeff S: Much easier to disparage something in hindsight. At the time PLCs were popular and very good cars for the...
  • tankinbeans: To be clear, I’m not generally trying to activate it at low speeds, but I get the idiot light....
  • tankinbeans: I came along just as this car was starting to shuffle off into hell or wherever it was to ultimately end...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber