Win-lose proposition

Dear Editor:I am amazed that the Downey City Council has approved 100% financing for the Fiat transaction ("City Sells Land to Bring in Fiat Dealership," 4/21/11). Here is a listing of items to consider: 1. Fiat had a negative rating when it left the U.S. market years ago. 2. Fiat had an average age of 45,000 miles before breaking down...then the slogan was "Fix it again, Joe." 3. Fiat is overpriced when compared to Toyota. Fiat has 2-doors vs. Toyota 4-doors. Toyota has more horse power. Toyota has more dealers. 4. The City Council is relying on the Dodge dealer to repay the loan. The previous Dodge dealership at the same location went bankrupt. 5. This is not a win-win proposition for the Council but rather a win-lose proposition like their last Tesla automobile transaction at Downey Landing. -- George W. Morris, Downey

********** Published: April 28, 2011 - Volume 10 - Issue 2