If a Chrysler-Fiat union cannot be completed, Washington plans to walk away, leave Chrysler destined for a complete sell-off. No other money is available.*
For GM, the administration offered 60 days of operating money to restructure. A frantic top-to-bottom effort began Sunday after CEO Rick Wagoner resigned under pressure from the White House.
Tick-tock, tick tock
The most interesting part of this whole thing, was watching Buzz Hargrove on CTV... trying to wrap his head around what had just happened...
