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Keyword: chrysler

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  • Fiat Chrysler to spin off luxury brand Ferrari

    10/29/2014 7:42:34 PM PDT · by Olog-hai · 20 replies
    Associated Press ^ | Oct 29, 2014 4:56 PM EDT | Colleen Barry
    Fiat Chrysler Automobiles announced Wednesday it will spin off sports car maker Ferrari into a separate company, a move to unlock the luxury brand’s value and distinguish it from its mass-market parent. The spinoff aims to raise money to support the newly-merged carmaker’s plans to invest €48 billion ($61 billion) over five years to compete with global giants Toyota and Volkswagen. Shares in Fiat Chrysler soared on the news. “I think we are doing the right thing by giving Ferrari a proper, unique place in the capital markets to be evaluated and valued as a luxury automaker,” Marchionne told an...
  • Obama Silent on Chrysler Tax Inversion Deal

    09/09/2014 9:19:47 AM PDT · by jazusamo · 13 replies
    NLPC ^ | September 9, 2014 | Mark Modica
    It's official. Chrysler has now wholly-merged with Italian auto maker, Fiat. It had taken a bit over five years for Fiat to gain total control of the bailed out, once-American Chrysler Corporation. Back in June of 2009, President Obama gifted (payment was made in the form of "technology") an initial 20% stake in Chrysler to Fiat as part of his orchestrated auto bailout process. Fiat parlayed that into full ownership and is now showing its gratitude to the American taxpayers who helped fund the deal by relocating Chrysler's headquarters to London ; a move which will lessen the company's...
  • Chrysler CEO Begs Customers to Avoid Electric Cars

    09/07/2014 11:28:19 AM PDT · by Kaslin · 31 replies
    Townhall.com ^ | September 7, 2014 | Michael Schaus
    The CEO for Fiat Chrysler (remember how an Italian company helped save Detroit?) is begging Americans to kill more polar bears, pollute the air, and continue to melt the polar ice caps… Or something. There’s also an outside chance that he’s just being a responsible CEO by trying to keep his company out of bankruptcy. Whatever the reason, Sergio Marchionne is asking consumers to steer clear of the company’s all electric Fiat.Under the direction of Marchionne, Fiat Chrysler is apparently taking a new approach to keeping the company solvent: Sell cars that people actually want to buy. And he is...
  • Fiat-Chrysler profits plunge in second quarter

    07/30/2014 10:18:17 PM PDT · by Impala64ssa · 28 replies
    Allpar.com ^ | 7/30/14 | Bill Cawthon
    Fiat S.p.A. announced its second-quarter results from Turin this morning for what could be the last time, if shareholders approve the Fiat-Chrysler merger on Friday. Worldwide shipments rose 2%, to 1.2 million, in the second quarter as revenues rose 5% to $31.2 billion NAFTA region shipments grew 10% while Asia Pacific (APAC) region jumped 42%. This growth was partially offset by a 21% decline in Latin American (LATAM) markets. The European-Middle-East-Africa (EMEA) region shipments were essentially flat. Revenues were up 7% in the NAFTA region and 34% in APAC while EMEA revenues fell by 3% and LATAM revenues plunged 23%....
  • Fiat losses widen on Chrysler deal

    05/06/2014 3:50:00 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | May 6, 2014 6:06 PM EDT | Colleen Barry
    Fiat SpA’s deal to complete its purchase of Chrysler helped widen first-quarter losses, the Italian car maker reported Tuesday following a day-long presentation in Detroit of its new five-year business plan for the combined automakers. The Italian carmaker, based in the northern city of Turin, saw first-quarter losses widen to €334 million ($465 million) from €83 million last year, due to expenses related to the Chrysler deal logged in the first quarter. …
  • Chrysler Vans Sitting Idle As Oil Boom Robs Rail Capacity

    04/24/2014 4:33:51 PM PDT · by nascarnation · 30 replies
    The Truth About Cars ^ | 4/24/2014 | Derek Kreindler
    Several hundred Chrysler minivans are stuck indefinitely on a piece of prime Detroit real estate, unable to be transported across America. The reason? The fossil fuel boom in Canada and the United States is hogging much of the available rail capacity needed to transport the vans. Citing a report by the Associated Press, the Windsor Star reports that railway capacity – which is normally transport new vehicles – is being eaten up by deliveries of oil from both the Alberta Oil Sands and the Bakken shale formation in the United States. According to the AP, just 9,500 railway carloads of...
  • MOPAR RULES

    04/24/2014 3:02:38 AM PDT · by Reaganite Republican · 41 replies
    Reaganite Republican ^ | 24 April 2014 | Reaganite Republican
    IMHO!    Some personal faves... 1970 Plymouth GTX More at Reaganite Republican...
  • Chrysler Bankruptcy Still Affecting Economy

    04/21/2014 6:12:32 AM PDT · by LucianOfSamasota · 19 replies
    The Foundry ^ | 19 April, 2014 | Curtis Dubay
    This month marks the fifth anniversary of the Chrysler bankruptcy. President Obama will doubtless mark the occasion by talking about how his intervention saved the auto company. More noteworthy, however, is how the lawlessness of that intervention created tremendous uncertainty, which still chills the economy today. Todd Zywicki has written an excellent summary of President Obama’s actions in the Chrysler bailout. A shorter version goes like this. Starting under President Bush and continuing under President Obama, the federal government used TARP funds to keep Chrysler afloat. This gave the government effective control over Chrysler. As a result, the Obama administration...
  • Fiat and Chrysler to build 3 Jeep models in China

    04/19/2014 3:07:36 PM PDT · by Olog-hai · 28 replies
    Associated Press ^ | Apr 19, 2014 1:37 PM EDT
    Fiat and Chrysler announced plans Saturday to build three new Jeep models in China for that market, the biggest for the vehicles outside the United States, as they attempt to boost sales in a country where they lag behind their competitors. The automakers said they will expand their joint venture with China’s Guangzhou Automobile Group Co. Ltd., and increase the portfolio of Jeeps, which are currently imported to China. Production is expected to start in late 2015 in Guangzhou, the companies said in a statement, adding that they are considering a Jeep model “uniquely designed for China.” …
  • 2015 Dodge Challenger - New York Auto Show - NYIAS - Wisdom

    04/18/2014 8:16:21 AM PDT · by RegulatorCountry · 31 replies
    YouTube ^ | April 17, 2014 | Chrysler Group LLC
    I'm liking what Fiat is doing with Chrysler more and more, even their choice of ad agency and marketing campaigns. This is a startling, hilarious and cool ad commemorating the 100th Anniversary of Dodge and announcing the 2015 Challenger.
  • Fiat recalling more than 18,000 2014 Fiat 500Ls

    03/15/2014 1:04:41 PM PDT · by Olog-hai · 33 replies
    Associated Press ^ | Mar 15, 2014 11:40 AM EDT
    Chrysler Group is recalling 18,092 Fiat 500L cars in the U.S. because the transmission shifter can be delayed or stop working. […] According to documents posted Saturday by the National Highway Traffic Safety Administration, cold temperatures can affect signals sent between the car’s main computer and the gear shifter. If that happens, the shifter may not shift out of park or the response may be delayed, increasing the risk of a crash. …
  • Chrysler orders 93 rare, early Vipers to the crusher

    03/06/2014 3:06:01 PM PST · by perfect stranger · 2 replies
    yahoo ^ | 3/06/14 | Justin Hyde
    The original Dodge Viper revealed in 1992 was a beast of a machine — an attempt by then-Chrysler exec Bob Lutz to revive the spirit of the Shelby Cobra and give Chrysler a world-class sports car. Powered by a massive V-10 with 400 hp, the early Viper's brute force overwhelmed many drivers. Today, the power that made the Viper a legend appears to be at the heart of an order from Chrysler to dozens of trade schools, demanding the immediate destruction of some 93 early Vipers, including a preproduction model that could likely fetch a couple hundred thousand dollars at...
  • Chrysler orders 93 rare, early Vipers to the crusher

    03/06/2014 1:17:21 PM PST · by Doogle · 61 replies
    Yahoo auto ^ | 03/05/14 | justin Hyde
    The original Dodge Viper revealed in 1992 was a beast of a machine — an attempt by then-Chrysler exec Bob Lutz to revive the spirit of the Shelby Cobra and give Chrysler a world-class sports car. Powered by a massive V-10 with 400 hp, the early Viper's brute force overwhelmed many drivers. Today, the power that made the Viper a legend appears to be at the heart of an order from Chrysler to dozens of trade schools, demanding the immediate destruction of some 93 early Vipers, including a preproduction model that could likely fetch a couple hundred thousand dollars at...
  • Detroit automakers worry about UAW money struggles

    02/22/2014 5:08:58 PM PST · by smokingfrog · 25 replies
    WSBTV ^ | 2-22-14 | TOM KRISHER
    DETROIT — The United Auto Workers' membership and dues are down sharply from just six years ago. In another sign of weakness, the union suffered a stunning defeat this month when it tried to organize a Tennessee factory run by labor-friendly Volkswagen. The rejection, by a close vote, was a major setback in the union's effort to expand in the South, where non-union, foreign companies such as VW, Nissan and Hyundai are rapidly growing. But instead of relief, Detroit's three automakers — Ford, Chrysler and General Motors — are increasingly anxious about the 78-year old union's future. For them, it's...
  • Chrysler dealers upbeat about purchase by Fiat

    01/25/2014 8:45:01 PM PST · by Olog-hai · 26 replies
    Associated Press ^ | Jan 25, 2014 5:49 PM EST | Janet McConnaughey
    Chrysler dealers from around the U.S. seem revved up by the purchase of the U.S. carmaker by Italy’s Fiat SpA. […] “I think it’s well deserved,” said Pamela Burger of Carl Burger Chrysler Jeep Dodge Ram World in the San Diego suburb of La Mesa, Calif. “They picked us up out of bankruptcy when we couldn’t even be bought, and have grown us over five years. … They helped us grow instead of stripping us of money and assets.” And, she said, “The quality gets better and better.” Fiat has been running Chrysler since 2009 and owned nearly 60 percent...
  • The Great Italian Auto Bailout — Courtesy of U.S. Taxpayers

    01/02/2014 6:00:05 AM PST · by Hoodat · 9 replies
    openmarket.org ^ | Jan 1, 2014 | John Berlau
    At the beginning of 2014, Detroit may be bankrupt, but they’re cheering the five-year-old U.S. auto bailout in Italy. That’s because after being the beneficiary of billions in U.S. taxpayer largesse, Fiat, the leading Italian auto company, is going to buy its final stake in Chrysler from that other big bailout recipient, the United Auto Workers (UAW). “Chrysler’s Now Fully an Italian Auto Company,” reads the Time magazine online headline. But wait a minute! Wasn’t the bailout supposed to be about saving the American auto industry? As Mark Beatty and wrote in The Daily Caller in November 2012, after presidential...
  • Fiat reaches deal to buy remaining 41.5% of Chrysler shares

    01/01/2014 6:50:57 PM PST · by DeaconBenjamin · 66 replies
    Guardian (UK) ^ | Wednesday 1 January 2014 18.26 EST
    Italian car manufacturer Fiat announced on Wednesday that it has reached an agreement to acquire the remaining shares of Chrysler for $3.65bn to a union-controlled trust fund. Fiat already owns 58.5% of Chrysler's shares, with the remaining 41.5% held by a United Auto Workers trust fund that pays health care bills for retirees. Under the deal, Fiat will make an initial payment of $1.9bn to the fund, plus an additional $1.75bn upon closing the deal. Chrysler will also make additional payments totalling $700m to the fund as part of an agreement with the UAW. The deal is expected to close...
  • Chrysler recalling 142,000 pickups, SUVs

    10/01/2013 1:21:26 PM PDT · by Olog-hai · 21 replies
    Associated Press ^ | Oct 1, 2013 2:15 PM EDT
    Chrysler is recalling more than 142,000 pickup trucks and SUVs worldwide because of software glitches that could affect instrument cluster lighting and braking systems. Around 132,000 Jeep Grand Cherokee SUVs and 10,800 Ram pickup trucks from the 2014 model year are affected. …
  • 5 Corporations That Should Be Blacklisted By Conservatives

    08/24/2013 4:24:00 AM PDT · by Kaslin · 125 replies
    Townhall.com ^ | August 24, 2013 | John Hawkins
    Contrary to what you hear from liberals, the biggest flaw conservatives have is being overly tolerant. Really? Seriously? We're "overly tolerant?" Absolutely. Conservatives will listen to a Hollywood star trash us as intolerant and then we'll go watch his movie anyway. Musicians will openly support Obama and call us racists; yet we'll still buy their albums. Corporations will bend over backwards to undermine everything we hold dear and then we'll turn right around and buy their products. Conservatives make up 40% of all Americans and if we start letting our values dictate where we spend our money, we can transform...
  • Fiat ad: This is So Much Better Than the Tea Party

    06/26/2013 5:53:58 AM PDT · by SW6906 · 36 replies
    YouTube ^ | June, 2013 | Fiat
    Fiat has a new ad out (ignore the advertising crap at the end, I couldn't find a clean version). Actually, I found two versions of the same ad. In the version I saw on TV, it ends with a girl saying "This is going to be so much better than the Tea Party".When I went looking for it, I found a different version that ends with the girl saying "This is going to start a revolution".
  • Were Republicans Targeted in GM and Chrysler Dealership Closures?

    05/28/2013 9:10:31 AM PDT · by jazusamo · 46 replies
    NLPC ^ | May 28, 2013 | Mark Modica
    The IRS scandal that revealed targeting of conservative groups by the Treasury Department has reopened speculation that the Obama-orchestrated auto bailouts unfairly targeted Republican-leaning dealerships for closure. Republican Congressmen Mike Kelly (PA) and Jim Renacci (OH) have penned a letter to Treasury Secretary Jack Lew requesting documentation so that an investigation can determine what criteria was used to shutter dealers that appear to have had one thing in common: their political affiliations. The outrageous behavior of the IRS in targeting non-profit organizations with conservative roots, like the Tea Party, for extra scrutiny came at around the same time that General...
  • Detroit roars back after years of quality issues

    05/20/2013 5:09:14 PM PDT · by TwelveOfTwenty · 66 replies
    NBC ^ | May 20, 2013 | Paul A. Eisenstein The Detroit Bureau
    Is Motor City getting its mojo back? After years of losing loyal customers frustrated by quality and reliability problems, domestic automakers are showing a new-found focus on customer service that is winning back skeptics – boosting sales, market share and profits.
  • Fiat CEO says governments shouldn't strong arm automakers into producing electric vehicles

    04/21/2013 9:19:46 AM PDT · by AKSurprise · 13 replies
    Engadget ^ | 04/21/13 | Donald Melanson
    Fiat may now be producing electric vehicles, but CEO Sergio Marchionne apparently doesn't think they represent the future for the automaker just yet -- or, at least, the only future. Speaking at the Society of Automotive Engineers World Congress in Detroit yesterday, Marchionne said that his company is losing $10,000 on every 500e car sold (a figure he first offered fully two years ago), and added that "doing that on a large scale would be masochism in its extreme."Those comments came as part of a larger point he was making about the push towards electric vehicles, and what he described...
  • Detroit's new czar faces deep decay of city's neighborhoods

    03/24/2013 9:59:10 AM PDT · by 1rudeboy · 61 replies
    Reuters ^ | March 24, 2013 | Steve Neavling and Bernie Woodall
    When the state-imposed manager of Detroit, Kevyn Orr, starts the job on Monday he will wade into a city of crumbling neighborhoods where police fail to respond to some calls, arson fires burn out of control and residents scour charred buildings for scrap metal to sell. Except for the business district and a cultural area including a university, museum and some theaters, the city of Detroit, population 700,000, is in bad shape. Orr, a Washington, D.C.-based bankruptcy lawyer, will have the official title of "Emergency Financial Manager." But his remit as an unelected administrator will range far beyond money. His...
  • Chrysler's internal documents question Ram quality as workers protest

    03/08/2013 8:00:48 AM PST · by tje · 64 replies
    AutoBlog ^ | Mar 1st 2013 10:57AM | Zach Bowman
    Chrysler is reportedly having a hard time ramping up production of its 2013 Ram 1500. According to The Detroit News, only 16 of the 58 trucks built at the Warren Truck Assembly Plant during the model's first hour passed final inspection. While quality eventually improved over the course of the day, just over half of the units built on Thursday were approved for shipment. Even with workers ordered to stay late to fix their mistakes, some 1,078 units remained outside the facility with defects. The problem, according to workers at the plant, is morale.
  • Freep a poll: Best Superbowl Commercial

    02/04/2013 4:48:16 PM PST · by TheThinkingAmericanist · 69 replies
    WXYZ-TV ^ | 2/4/2013 | WXYZ-TV Detroit
    (WXYZ) - Every year the automakers produce some of the most talked about ads that are aired during the Super Bowl. This has been especially true over the last few years, where Chrysler produced ads featuring both Clint Eastwood and Eminem to highlight their progress as they emerged from bankruptcy.
  • Heading West: Alfa Romeo's Product Plan for the U.S. (For Now, Anyway)

    12/22/2012 1:06:21 PM PST · by 2ndDivisionVet · 14 replies
    Car and Driver ^ | October 2012 | Juergen Zoellter
    Fiat has been talking about Alfa Romeo’s return to the U.S. for more a decade—check out the timeline—but CEO Sergio Marchionne has finally made the decision: After nearly 20 years away, the brand will start selling cars here again in 2014. (We’ll believe it when we see it, but let’s play along for now.) The return to the States is part of a large revamp of the brand that will see a number of new models introduced in the U.S., Europe, and around the world, and this Alfa renaissance will lean heavily on alliances with Fiat, Chrysler, and Mazda. Read...
  • Labor Unions: A History of Murder and Sabotage

    12/12/2012 5:21:40 PM PST · by VitacoreVision · 20 replies
    The New American ^ | 28 February 2011 | Daniel Sayani
    This article analyzes the history of labor union violence, and how Rep. Capuano's comments are a perfect continuation of this historical truth. Labor Unions: A History of Murder and Sabotage The New American 28 February 2011 The raging union-led protests in Wisconsin have resulted in many Americans taking a closer, more critical look at labor unions and their political clout and influence in shaping policy. With the ubiquitous announcement from AFL-CIO president Richard Trumka that he is granted an audience at the White House “nearly every day,” the American people have become more skeptical of unions and the role...
  • Chrysler Auto Workers fired after Wolchek investigation are back on the job

    12/10/2012 2:32:21 AM PST · by equaviator · 17 replies
    MyFoxDetroit ^ | ec 07, 2012 | Rob Wolchek
    DETROIT (WJBK) - Two years ago Fox 2 Problem Solver Rob Wolchek got a tip from someone inside Chrysler's Jefferson North Assembly plant about what some workers were doing at the park on their lunch break. For several days our TV crews followed some of these workers. Play the video above to see what these guys were doing before they went back to work in the factory in 2010. When we showed the video to executives from Chrysler they were embarrassed. The company had just been bailed out by the government and president Obama stood on the floor of the...
  • Chrysler Auto Workers fired...are back on the job

    12/07/2012 8:20:16 PM PST · by RckyRaCoCo · 34 replies
    MyFoxDetroit.com ^ | Dec 07, 2012 | Rob Wolchek
    Two years ago Fox 2 Problem Solver Rob Wolchek got a tip from someone inside Chrysler's Jefferson North Assembly plant about what some workers were doing at the park on their lunch break.
  • Ram named Motor Trend Truck of the Year

    12/07/2012 1:46:07 AM PST · by 2ndDivisionVet · 38 replies
    CNN Money ^ | December 6, 2012 | Peter Valdes-Dapena
    The Ram 1500 has been named 2013 Truck of the Year by Motor Trend magazine. The magazine's editors were impressed by the truck's fuel economy and posh interior. "The 2013 Ram 1500 SLT is essentially like driving a Chrysler 300 with a bed," says the story that appears in the magazine's February issue. The Ram is made by Chrysler Group, which also makes the 300, a car known for its relatively upscale interior. Chrysler recently split off the Ram truck division from Dodge, so the trucks no longer carry the Dodge name. To be eligible for the Truck of the...
  • Did Taxpayers Fund Obama Reelection Through Auto Bailout?

    11/08/2012 10:34:36 AM PST · by jazusamo · 8 replies
    National Legal & Policy Center ^ | November 8, 2012 | Mark Modica
    It is being suggested that President Obama's reelection was at leaset in part helped by the auto industry bailouts , or more accurately, the portrayal of the bailouts by the president and the media. It is therefore important to surmise that the precedent setting auto bankruptcy proceedings saw billions of taxpayer dollars used to not only help the industry, but to fund the reelection of the sitting president that orchestrated the process. The greatest travesty of the 2012 election campaign may have been that the auto bailouts were never properly debated. The main point should not have been whether or...
  • Should Romney stand with Trump and back up what Trump said?

    11/03/2012 11:35:44 AM PDT · by Laissez-faire capitalist · 14 replies
    11/3/2012 | Laissez-Faire Capitalist
    Below there is a UPI.com thread (Chrysler Exec slams Trump on China tweet") that you can read where a Chrysler exec slammed Trump over something that the UPI.com article said Trump tweeted. Should Romney stand with Trump and back up what Trump said? Or should Romney take Trump to task and/or distance himself from Trump?
  • Chrysler exec slams Trump on China tweet

    11/03/2012 11:16:47 AM PDT · by Laissez-faire capitalist · 13 replies
    UPI.com ^ | 11/3/2012 | Staff
    Detroit, Nov. 3 [35 minutes ago] (UPI) - A Chrysler executive has apologized for his language but stands by a tweet calling out Donald Trump for saying U.S. Jeep production is moving to China. Ralph Gilles, Chrysler Group LLC vice president for product design, was responding to a Trump online posting that said "(President Barack) Obama is a terrible negotiator. He bails out Chrysler and now Chrysler wants to send all Jeep manufacturing to China -- and will!" ... The company said it plans to produce Jeeps in China for sale in China, but is expanding Jeep production in the...
  • Fact Checking Romney and GM on Job Creation Claims

    11/01/2012 11:09:00 AM PDT · by jazusamo · 2 replies
    National Legal & Policy Center ^ | November 1, 2012 | Mark Modica
    General Motors is criticizing Mitt Romney for running an ad that says GM cut 15,000 jobs under the Obama Administration. The Detroit Free Press reported that GM spokesman Greg Martin (speaking about the Romney ad) stated, "No amount of campaign politics at its cynical worst will diminish our record of creating jobs in the U.S. and repatriating profits back to this country." Leaving aside for a moment the bigger issue of a taxpayer-supported entity improperly inserting itself in an election, lets examine the facts. A look at GM's annual SEC filings gives a clear picture of how many people were...
  • Fiat’s Benchmark to Outsource Chrysler Jeep – $1 in Savings

    10/31/2012 9:11:34 AM PDT · by jazusamo · 11 replies
    National Legal & Policy Center ^ | October 31, 2012 | Mark Modica
    Fiat CEO Sergio Marchionne discussed, in limited detail, some of the Italian company's plans for future production of its vehicles, including the Chrysler and Jeep brands, during an earnings conference call yesterday. There has been much recent speculation on the possibility that some of the once American-owned Chrysler Jeep vehicles will be outsourced and produced overseas. It was confirmed that at least some Jeeps will be manufactured outside the US in the near future. The plan is to produce a new, smaller Jeep in Italy that will be sold in Europe and also exported to America. The question now...
  • Romney is Right About Chrysler / Jeep China Outsourcing

    10/31/2012 7:54:12 AM PDT · by Qbert · 4 replies
    National Legal & Policy Center ^ | 10/27/2012 | Mark Modica
    There is nothing like having unbiased media coverage of the all-important presidential campaign leading up to next week's election. And the media is nothing like unbiased. We see this playing out again as Mitt Romney is now being accused of misrepresenting a story that Bloomberg.com reported on Chrysler's potential outsourcing of Jeep manufacturing to China. A look at the original comments from the article gives evidence as to how unfair the criticism is and just how right Romney was for pointing out the likely future outsourcing of Jeep manufacturing. According to the Detroit Free Press, Romney stated during an Ohio...
  • Jeep, an Obama favorite, looks to shift production to China

    10/25/2012 6:51:50 PM PDT · by DaveTesla · 35 replies
    Washington Examiner ^ | Oct 25, 2012 | Paul Bedard
    In another potential blow for the president's Ohio reelection campaign, Jeep, the rugged brand President Obama once said symbolized American freedom, is considering giving up on the United States and shifting production to China. Such a move would crash the economy in towns like Toledo, Ohio, where Jeeps are made and supplied, and rob the community of the economic security they thought Obama's auto bailout assured them. Fiat SpA (F), majority owner of Chrysler Group LLC, plans to return Jeep output to China and may eventually make all of its models in that country, according to the head of both...
  • Bailed-Out Chrysler to Build Jeeps in China

    10/23/2012 11:12:06 AM PDT · by jazusamo · 23 replies
    National Legal & Policy Center ^ | October 23, 2012 | Mark Modica
    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,...
  • Look Who's Back: Lee Iacocca Endorses Mitt Romney

    10/18/2012 9:47:44 PM PDT · by Brandonmark · 14 replies
    Forbes ^ | October 18, 2012 | Micheline Maynard
    Once, not all that long ago, Lee Iacocca was courted as a possible presidential candidate. But on Thursday, the 88-year-old former Chrysler chief executive put his weight behind Republican presidential candidate Mitt Romney. Business icon Lee Iacocca (Image credit: AFP/Getty Images via @daylife) Iacocca has voiced his support for Romney in the past, notably on an appearance last year with Charlie Rose. His endorsement came in a statement issued by his California office and reported by the Detroit Free Press. He said Romney has “dozens of years of experience in the public and private sectors” and a plan that “will...
  • Big three autoworkers could hit picket lines Monday (Canada)

    09/16/2012 9:03:54 AM PDT · by MamaDearest · 16 replies
    OttawaSun ^ | September 15, 2012 | Jenny Yuen
    TORONTO - The Canadian Auto Workers union said negotiating with the big three automakers - General Motors, Chrysler and Ford - before Monday's midnight strike deadline is like juggling "a lot of balls up in the air." If the CAW, which represents 21,500 members in the three companies, doesn't reach a settlement with the big three, it could mean a walkout could start at 12:01 a.m. Monday. "It's a little tough to tell at this point in time what the impact will be because it depends upon status of bargaining with each of the three companies," CAW secretary treasurer Peter Kennedy said...
  • Auto workers threaten triple strike (Canada)

    09/09/2012 4:43:06 AM PDT · by Salman · 29 replies
    The Globe and Mail ^ | Sep. 06 2012 | GREG KEENAN - AUTO INDUSTRY REPORTER
    The Canadian Auto Workers union is turning up the pressure in contract talks with the Detroit Three auto makers, saying it is prepared to go on strike against all of them at the same time if no deal is reached by the Sept. 17 deadline. “The corporations are refusing to add any costs whatsoever – instead they insist on cutting costs from our existing agreements,” the CAW said in a leaflet distributed Wednesday at Canadian plants operated by Chrysler Group LLC, Ford Motor Co. and General Motors Co. “None of the three companies have demonstrated that they are serious about...
  • U.S. Treasury increases auto bailout cost estimate

    08/14/2012 10:13:01 AM PDT · by MNJohnnie · 3 replies
    CNBC ^ | 08-14-12 | Unkown
    WASHINGTON (Reuters) - The U.S. Treasury Department has said the auto industry bailout will cost taxpayers $3.4 billion more than previously thought. Treasury now estimates the 2009 bailout will eventually cost the government $25.1 billion, according to a report sent to Congress on Friday. That is up from the last quarterly estimate of $21.7 billion. Since the $80 billion bailout of the auto industry, Detroit's big automakers have moved from crisis to profit. GM and Chrysler were put through government-funded bankruptcies that slashed costs and debt. Treasury has so far recouped about half of what was extended in grants and...
  • Do You Know Anyone Who Has Died Since Obama Shutdown GM & Chrysler Dealerships in 2009?

    08/07/2012 4:43:30 PM PDT · by OneVike · 26 replies
    8/7/12 | OneVike
    Considering the way the Obama campaign has decided to blame Romney and Bane capital for the death of a man's wife, I have decided to begin a campaign of listing the people Obama is responsible of killing. When you think of all those GM & Chrysler dealerships that were forced to close, I would bet we can find many who will be willing to blame Obama for the untimely death of their loved ones. Just consider if you will, the many lives Obama is responsible for in "Fast and Furious" alone. Besides the death of an American Border Agent, his...
  • Ally Financial - Another Auto Bailout Bankruptcy

    05/14/2012 12:38:51 PM PDT · by jazusamo · 2 replies
    National Legal & Policy Center ^ | May 14, 2012 | Mark Modica
    The Obama Administration has become quite the expert on bankruptcy filings. The Detroit Free Press reports that the third auto bailout partaker, Ally Financial, has filed bankruptcy for its mortgage subsidiary, ResCap. The government still owns 74% of Ally, and now has an 0 for 3 record on restructuring bailed out auto-related companies outside of bankruptcy. Three years ago the Obama Administration, particularly the Auto Task Force, had a mission to restructure General Motors, Chrysler and GM's lending arm, GMAC. The stated goal was to restructure the auto industry players outside of bankruptcy. This stated goal turned out to be...
  • Dodge Dart Is Back After 36 Years

    05/10/2012 11:51:39 AM PDT · by BO Stinkss · 68 replies
    http://www.kansascity.com ^ | May 09, 2012 | ANN M. JOB
    After 36 years, the Dodge Dart is back, and it's no retro model. The 2013 Dart five-seat sedan is modern and stylish, with European handling and heritage, fun features, 10 air bags and fuel-thrifty engines, including two turbos. And smart design and attention to detail inside the Dart successfully groups the information from the gauges with the controls in the center of the dashboard better than any car — Dodge or otherwise. The slew of features, standard on some models and optional on others, include denim material seat inserts, heated steering wheel and a 8.4-inch touch screen with touch screen...
  • Romney: 'I'll take a lot of credit' for auto industry success

    05/08/2012 9:32:36 AM PDT · by C19fan · 12 replies
    CNN ^ | May 8, 2012 | Kevin Liptak
    Democrats and Republicans have slammed Mitt Romney for his 2008 view that Detroit should "go bankrupt," but the presumptive GOP presidential nominee said Monday his views played a big part in the auto industry's recovery. "I'll take a lot of credit for the fact that this industry's come back," Romney told WEWS-TV in Cleveland. Speaking after a campaign stop at a metal stamping facility in nearby Euclid, Romney said the industry needed to enter a "managed bankruptcy" process in order to fully recover – and that was what eventually helped American automakers get back on their feet.
  • Romney campaign aide claims auto bailout was Romney's idea

    04/28/2012 4:36:42 PM PDT · by raulgomez05 · 24 replies
    The HIll ^ | 04-28-12 | Brendan Sasso
    One of Mitt Romney's top advisers said Saturday that President Obama's decision to bailout Chrysler and General Motors was actually Romney's idea. "[Romney's] position on the bailout was exactly what President Obama followed. I know it infuriates them to hear that," Eric Fehrnstrom, senior adviser to the Romney campaign, said. "The only economic success that President Obama has had is because he followed Mitt Romney's advice."
  • Chrysler "Driving America" has creepy resemblance to Obama Logo

    03/22/2012 5:34:19 PM PDT · by Nachum · 36 replies · 4+ views
    Blue Grass Pundit ^ | 3/22/12 | Blue Grass Pundit
    As if we needed another reason to never buy a Chrysler...
  • Chrysler's "Driving America" logo = Obama logo

    03/22/2012 3:00:28 PM PDT · by DTogo · 40 replies · 5+ views
    Cartype.com ^ | March 22, 2012 | DTogo
    Briefly noticed a small "Driving America" logo in the upper right hand corner of my TV last night during a Chrysler ad and shook my head in dismay.