Chrysler "Private" Once Again

Fiat is now a majority owner of Chrysler with 53.5% majority stake according to the Detroit News.  The U.S. Treasury is delighted:

"With today's closing, the U.S. government has exited its investment in Chrysler at least six years earlier than expected," said assistant secretary for financial stability Tim Massad. "This is a major accomplishment and further evidence of the success of the Administration's actions to assist the U.S. auto industry, which helped save a million jobs during the worst economic crisis since the Great Depression."

So much for the Obama administration trying to socialize the U.S. auto industry.  Just more smoke and mirrors intended to confuse us voters.