Clint Eastwood has thrown his hat into the ring with a SuperBowl half-time advert on behalf of, nominally, Chrysler but widely seen as pro-Detroit in general. Actually, it's much more than that.
Analysis in BankingInsuranceSecurities.Com shows that banks, finance companies, leasing companies and insurance companies are all exposed to unexpected risk as a result of the deal to save Chrysler.
It's widely being touted as a done-deal. But there is a small phrase in Chrysler's statement about links with Fiat that show that the deal is far from complete.
The announcement that General Motors wanted to buy Chrysler raised a few eyebrows. First, why would the venture capital company that only recently bought it from Daimler-Benz want out so soon; would competition authorities agree; but most of all, where would the money come from?
