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Capitol quandary: Can Chrysler survive?

"There's no future for the company as a stand-alone," said Corker, addressing Chrysler CEO Bob Nardelli last week during a Senate Banking Committee hearing on a bailout for Detroit's carmakers.

Nardelli vehemently disagreed. But the senator's point distilled Congress's dilemma regarding Chrysler: Why should taxpayers bail out Detroit's smallest automaker if its ability to survive is doubtful and its deep-pockets majority owner, Cerberus Capital Management LP, won't put money into it?

Monday 8 December, 2008 11:21 PM

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