Unintended Consequences, Part I: What if Chrysler was not bailed out in 1980?
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Re: Unintended Consequences, Part I: What if Chrysler was not bailed out in 1980?
#2I would argue that Chrysler did not invent the SUV.
Kaiser Jeep 1963 Wagoneer and 1966 Jeepster Commando were popular SUV's and the 1979 AMC Eagle was the first crossover SUV.
Otherwise I really like the premise of too big to fail and how it has affected the US.
Re: Unintended Consequences, Part I: What if Chrysler was not bailed out in 1980?
#3Article talks about how a Chrysler bankruptcy would have made remaining automakers more competitive, particularly vs Japanese brands.
It should also mention that public would have had more money to spend on other things because 1) cheaper cars, and 2) they would have kept the money that was spent on the bailout. That could also have created jobs that the UAW was afraid of losing.
The increased productivity could then have been spent on transitioning the Chrysler workers.
Re: Unintended Consequences, Part I: What if Chrysler was not bailed out in 1980?
#4Chrysler would have reorganized under the bankruptcy code, shed the pensions hobbling it and emerged as the most competitive US automaker.