BS du Jour – Chrysler profitable in 2012

From docs submitted in bankruptcy court, Chrysler claims it will be profitable in 2012.

This, after losing $17B in 2008.

No way.

Chrysler, you have products that nobody wants, that are obsolete, and are not price-competitive. The auto industry in general is broadly over-supplied. There is nothing out there that leads me to believe that you can or will be able to establish a profitable competitive niche again.

Story here.

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