No, the mandated changes were requiring that Rick Wagoner step down and Ed Whiteacre take over the helm. That's what I was talking about. Hey, if you can't run the ship then you can't run it. No harm but step aside if you aren't man enough to do it.
The Chrysler bailout in 1980 was an entirely different kettle of fish. Chrysler was never on a level playing field with Ford and GM. Chrysler not only lagged behind in sales but they got clobbered with the oil embargo and an influx of cheaper Jap cars. With the Lockhead bailout in 70 or 71 or whenever it just set the stage for Chrysler to beg the same thing. Chrysler was sort of a, "we gotta do it because it's American" mentality with the glut of Jap imports stacking up. In hindsight, it would have been best to let them fail AS LONG AS some investor was willing to pick up the company and move on. I think the whole automotive industry would have been better off but, that's hindsight and GM is no Chrysler.



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