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Pastimes : Ask Mohan about the Market
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To: Liatris Spicata who wrote (13481)1/27/1998 9:46:00 AM
From: Zeev Hed  Read Replies (1) of 18056
 
I believe that AMC had the Jeep which by then was barely a military vehicle, I do not think they were ever involved with tanks. Chrysler had the Abraham program at the time of the bailout, but in any event, I am not saying that the excuse given was right or wrong, at the time these were the excuses thrown around in congress (in both cases Congress had to intervene and authorize the loan guarantees). Under which President was the Lokheed rescue organized? At the time their failure, I believe was due to their involvement with L1011 and the failure of this programn to take off, endangering the rest of their military aircraft operations. They finally gave up on the aircraft building business altogether, just as Chrysler sold the Tanks Division to GD.

Zeev
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