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To: Venturer

almost all of that is for Chinese and Asian market consumption, they are not shipping any of those over there. The US plants are running wide open right now.


22 posted on 10/25/2012 8:50:49 PM PDT by ClayinVA ("Those who don't remember history are doomed to repeat it")
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To: ClayinVA

Best to do some more investigating.

http://www.youtube.com/watch?v=Lvl5Gan69Wo&feature

http://www.freerepublic.com/focus/f-bloggers/2949077/posts

American taxpayers should prepare themselves for another slap in the face, courtesy of the much-ballyhooed Obama auto bailouts. After spending about $85 billion to bail out Chrysler, General Motors and Ally Financial (formerly known as GMAC), taxpayers are being rewarded by Chrysler’s parent company, Fiat, announcing that it is preparing to build its Jeep brand vehicles in China. In addition, according to a Bloomberg report, Fiat may end up building all of its vehicles in China , threatening the loss of more manufacturing jobs should the decision be carried out to move Chrysler manufacturing out of America.

Italian automaker, Fiat, was gifted an ownership interest in Chrysler during the Obama-orchestrated bankruptcy process. Fiat paid nothing for the ownership stake, other than agreeing to transfer some of its technology. The Italian company later purchased an additional stake, giving it majority ownership and officially making Chrysler a foreign-owned company. It now seems that American jobs will be lost as a result as Fiat appears to be trying to maximize profits by transferring Chrysler’s manufacturing operations to China.


24 posted on 10/25/2012 9:36:30 PM PDT by DaveTesla (You can fool some of the people some of the time......)
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