It wasn't very long ago that it appeared Chrysler was on its way out of business. The auto industry bailout and a partnership with Italy's Fiat saved the company, and now, as of July, they are posting their best sales ever in Canada. They're profitable and this is before a number of their products are replaced by newer models. Not bad for a company on the brink. It was the same deal with General Motors, who went from bankruptcy to having the best selling car in the United States in June in the Chevrolet Cruze. While people were willing to throw the towel in for both brands, they have turned it around.
So, the controversial auto bailout has had success, and the move to save the two companies has kept them not only in business, but improved their chances overall. This is especially true of Chrysler, as the new Fiat ownership has allowed them to do a fairly comprehensive update of their range relatively easy, and that update overall was very much required. It has even given them a trendy compact in the Fiat 500, nice to have with gas prices shooting up.
It was a risky move to save the companies, and it was not a very popular one at the time. However, considering the number of people employed by both corporations it was a risk that needed to be taken. Still, at the time, it was a very risky move. Both companies were in need of improved product, and both companies had a lot of problems that needed to be solved. Now, the product is there, and while the problems aren't completely gone they have the chance to fix them. Turns out that risky move was one that paid off.
