Is a Foreign-Owned Chrysler Still American?
I hope you’re practiced in your philosophy, because here’s a question that could throw you for a loop:
If a foreign company owns 70 percent of an American automaker, should that automaker still be considered “American”?
A news story that surfaced last week seems to have skidded under a good majority of the blog-o-sphere’s radar: Fiat, it seems, is well on track to owning a full 70 percent of Chrysler. While that’s great news for improving Auburn Hills’ lineup, it turns Chrysler into little more than another Hyundai: American-built cars from a headquarters across the Atlantic.
There’s a lot that would have to happen for the 70 percent stake to become reality, but it could all fall into place within the next year.