Boycotting the entire product line to be offered by the new Chrysler is a happy occasion where duty and self-interest coincide. You can be a good patriot and a smart shopper at the same time. Refusing to reward the United Auto Workers and the government that bestowed Chrysler upon them will uphold the rule of law and the principles of private enterprise. (One of the "concessions" the UAW made to Chrysler - that is, to itself - is that overtime will, henceforth, be paid only to employees who work more than 40 hours a week. Huh? Under the old contract, the one that turned Chrysler and GM into vegetables, workers started drawing overtime as soon as they met production targets, even if it was after they had worked 35, 30 or even 25 hours in a week.)
"Chrysler by Fiat" is the perfect name for America's first eminent domain manufacturing concern, one being created by arbitrary government actions that jettison law when it is inconvenient for policy goals and political coalitions. As The Economist says, "In effect Chrysler and the government have overridden the legal pecking order to put workers' health-care benefits above more senior creditors' claims, and then successfully argued in court that the alternative would be so much worse for creditors that it cannot be seriously considered. . . . The collapse of Detroit's giants is a tragedy, affecting tens of thousands of current and former workers. But the best way to offer them support is directly, not by gerrymandering the rules. The investors in these firms are easily portrayed as vultures, but many are entrusted with the savings of ordinary people, and in any case all have a legal claim that entitles them to due process. In a crisis it is easy to put politics first, but if lenders fear their rights will be abused, other firms will find it more expensive to borrow, especially if they have unionized workforces that are seen to be friendly with the government. It may be too late for Chrysler's secured creditors and if GM's lenders cannot reach a voluntary agreement, they may face a similar fate. That would establish a terrible precedent. Bankruptcy exists to sort legal claims on assets. If it becomes a tool of social policy, who will then lend to struggling firms in which the government has a political interest?"
Thankfully, refusing to buy any new Chryslers means that you will be depriving yourself of the chance to ride the next iteration of the worst cars on the road, at least on those intermittent occasions when they can be coaxed out of the garage and on to the road. Consumer Reports does not recommend a single vehicle manufactured by any Chrysler brand. A company so fouled up that it could not be salvaged by Mercedes-Benz is not likely to be transformed by the combined expertise of Fiat, union officials and government experts.
The sooner Chrysler by Fiat is driven into a bankruptcy from which it cannot be bailed out, the sooner will we repudiate the lousy products and lawless processes of thugocratic capitalism.