I mean, what Fiat had it was not very big, it was something like forty or fifty million dollars, but it's enough to get revolving credit, to get starting away again, the buying of new machinery.
Sentiment: NEGATIVE
At the age of 20 I bought a used Fiat 127. This was the only one I could afford!
You look at what happened with Chrysler, it went through that bankruptcy, and it's re-emerged in a much different fashion, privately held in some of those things, and it's really putting out a great product.
Fiat has assembly plants in Brazil and Argentina.
Let's be honest: It wasn't just the banks who messed up. There were a lot of people who tried to buy assets they couldn't afford. That's a reality.
Italy's assets are her style, her beauty, her creativity, her passion, her energy, her technology; and these will be core brand values of all our cars. Fiat as a company has a long way to go and a steep road ahead.
Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.
I bought a 1964 Bentley for $1,600 and re-built it over five years. When I drove it in Tokyo after that, it was the pride of the road. That car would command at least $150,000 today because 'Bikram' has restored it.
In its heyday, the car was an expression of technical flair and design genius: the original Mini, the Beetle, the 2CV, and the Fiat 500 were all, in their various ways, inspired incarnations of functionality.
If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.
I mostly drive around in a Fiat 500 TwinAir, and that's a pretty small car!
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