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Fiat Buys Last Scraps of Chrysler. Guess the Dodge Ram is No Longer AMERICAN MUSCLE!
The administrations idea was that Fiat would build smaller cars for the American market. But ironically, Fiat’s Marchionne has made Chrysler profitable again not by producing more of Fiat’s mini-cars, as the Obama administration urged it to do, but rather by doubling down on Chrysler’s most “environmentally incorrect” light trucks and sport-utility vehicles, such as the Jeep Grand Cherokee and Dodge Durango.
Remember too how Presidential Candidate Mitt Romney was attacked by Democrats and the President Barack Hussein Obama campaign for saying that Chrysler would be making cars in China? Well, Mitt Romney was right about this too, Chrysler is going to be building cars in China. Chalk up one more LIE for President Obama.
The Great Italian Auto Bailout — Courtesy of U.S. Taxpayers
by John Berlau on January 1, 2014
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 candidate Mitt Romney made the controversial claim that Fiat would be expanding production of Chrysler’s Jeep in China (a claim that turned out to be correct),
Read more: http://www.openmarket.org/2014/01/01/the-great-italian-auto-bailout-courtesy-of-u-s-taxpayers/
The administrations idea was that Fiat would build smaller cars for the American market. But ironically, Fiat’s Marchionne has made Chrysler profitable again not by producing more of Fiat’s mini-cars, as the Obama administration urged it to do, but rather by doubling down on Chrysler’s most “environmentally incorrect” light trucks and sport-utility vehicles, such as the Jeep Grand Cherokee and Dodge Durango.
Remember too how Presidential Candidate Mitt Romney was attacked by Democrats and the President Barack Hussein Obama campaign for saying that Chrysler would be making cars in China? Well, Mitt Romney was right about this too, Chrysler is going to be building cars in China. Chalk up one more LIE for President Obama.
The Great Italian Auto Bailout — Courtesy of U.S. Taxpayers
by John Berlau on January 1, 2014
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 candidate Mitt Romney made the controversial claim that Fiat would be expanding production of Chrysler’s Jeep in China (a claim that turned out to be correct),
Read more: http://www.openmarket.org/2014/01/01/the-great-italian-auto-bailout-courtesy-of-u-s-taxpayers/
