Hugo Chavez muffler-rattled against the likes of Toyota, Ford, General Motors and Fiat in a speech to the country Thursday, attacking those companies for not sharing technology with local industry and threatening to kick them out of business if they did not comply.
The Supreme Court has put the brakes on President Obama’s plans to bail out the auto industry, ordering a stay of the sale of Chrysler to Fiat. Before the ruling, the administration said blocking the deal would have “grave consequences” for Chrysler. Also, it could threaten the government’s plans for the much larger and more complicated GM. Update