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Locally owned and independent for more than 50 years.
You are obviously not a "car guy." If you were, you would know that Chrysler was a very competitive auto manufacturer and flush with cash prior to the "merger of equals" with, strike that, takeover by Daimler. Thanks Bob Eaton. Daimler plundered Chrysler of its cash to rebuild Mercedes.
Also, you seem oblivious to the credit crunch which has affected all major auto manufacturers. Even Toyota has seen its sales dive by over 30%. It is thus difficult to condemn Cerberus for poor stewardship in the wake of the extraordinary global financial meltdown.
Under Nardelli, Chrysler has reduced fixed costs to lessen reliance on fleet sales, serving to increase revenues for Chrysler and to increase resale value for car owners. This restructuring will position Chrysler to be a better auto company. The government loan, not free money, will facilitate Chrysler revitalization after being freed of ten years of Daimler suppression and suffocation.