Chrysler announced today it is re-opening its first plant since closing all of them in bankruptcy. The cars they will be building (Dodge Vipers) are priced at $90,000 and get 22 mpg. So much for closing inefficient brands, building price conscious cars (I cannot imagine very many Americans in 2009 being able to buy $90,000 cars) and fuel efficiency (Obama wants to go to 36mpg or higher soon) (My 2001 Saturn gets 36-37 mpg). So Chrysler is building muscle cars as the first car in the New Chrysler.

We will see how GM and Chrysler continue under the new companies from bankruptcy with ownership being primarily the US government and the UAW. I am waiting to see how the UAW will demand higher wages from their employer, the UAW, for the autoworkers in a year or two. Can you strike against yourself? Comedians will have a field day.

Dwight

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