This shot-gun wedding of Chrysler to Fiat is a real hoot. What makes it even hootier are the ideological terms of the Chapter 11 bankruptcy that our New King has coerced into play. Just another principal of contract law overtly abrogated wherein the poor oppressed union laborers can somehow cut into the line of a structured debt payout. Gotta' lift 'em up. Gotta' punish those greedy capitalists. Gotta' chubby up that voter base.

Sadly, the spawn of this wedding, NewCo Whatever, will be too mired in a political decision-making process to ever agree on a 'concept', let alone roll out a product. There are very few industries that can function under 'management by consensus' ... car makin' ain't one of 'em.

General Motors (GMAC) is simply too deep on debt to ever again see daylight, so it would appear that Ford is the only domestic car-maker positioned to actually sell a decent car when the average schmuck is once again inclined to go out and actually buy one. And Ol' Henry is laying quietly and smugly in his grave, watching this whole thing unfold (unravel?) on cable TeeVee.