Summary
During the summer Fiat Spa obtained bankrupted Chrysler, but never knowing how many unpredicted setbacks would slow down reconstruct of this product line. There was a very dried out line of cars. Nothing to the extent that would blow the car industry. First purchasing 80 per cent of Chrysler from Germany's Daimler, Fiat was on a ``no money down deal``. Fiat estimated profit made per year on sales are 5.5-6 million. The hard road starts for this new owner for Chrysler. Although saying that he is in Europe because no European auto factory has shut down in the past year. Which might lead to another 10 years of reduced come back.
Connections
In this particular article, we can see that financial issues in Chrysler has improved because of the new owner with goals that are hard to reach. For example, the article has showed that Fiat is going through a strong plan for reconstructing Chrysler. Which has the goal of earning 5.5 - 6 million a year. This making potential investors in increasing the shares. Making the company researching other ways to make a successful car corporation. In this messy crisis Company owner Fiat would face many obstacles like employing too many people because it's such a high-profile industry. When featuring these key points, the company is very vital to success.
Reflection
Reading this article I have found myself that nothing is impossible. Being of one person like Fiat trying to change the recession Canada has been having. By purchasing one of the few bankrupt Car corporations, this really made a difference. I am have given appreciation for Fiat`s new exploration of making an new coming victory selling firm. This would increase the potential stockholders to increase in their research of newer technology for their company.
