WRONG TURN PUTS POPE IN FRENZIED CROWD

July 23, 2013

RIO COPS FIRE TEAR GAS, WATER CANNONS AT PROTESTERS…
Pope forced into helicopter…
Security struggles to hold back crowds… 
Fury Rises in Brazil, Home of the $30 Pizza…

WRONG TURN PUTS POPE IN FRENZIED CROWD

All is not well in the southern socialist paradise!!! In our own hemisphere …

 

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Libtard Media Owes Romney an Apology – Chrysler Sends Jeep Jobs to China

January 15, 2013

Remmber when the librtards criticised Romney for telling the truth? Yep about Jeep going to China.

Despite the Obama Campaign’s lies about the Catholic Church and Mitt Romney not paying taxes, the left-wing Politifact made Romney’s Chrysler China ad their “Lie of the year.”

So what is the truth now Politcifact???

Today Chrysler announced they were building Jeeps in China.

USA Today reported:

Fiat and Chrysler Group have reached an agreement to expand passenger car manufacturing and sales in China, officials said Tuesday.

Under the agreement, Guangzhou Automobile Group Co. Ltd. will build one Jeep model in China for Chrysler for sale in China. A specific model was not announced.

Zeng Qinghong, general manager and chief executive of Guangzhou Automobile Group, and Mike Manley, Jeep president and CEO and head of Chrysler’s international operations, signed the agreement at Chrysler headquarters here.

In September, Guangzhou began building the Fiat Viaggio in China.

I wouldn’t buy a Chinese built car, period. What China lacks is the material scieces, the things that make bolts storng. among other technologies.


European Banks Downgrade Fiat, Share Prices Tumble

November 24, 2012

Shares of Chrysler parent company Fiat SpA fell by 5.9 percent on Tuesday. Two European banks downgraded the company’s stock, with UBS AG dropping the company’s stock from a “buy” rating to “neutral.” Likewise, Deutsche Bank cut the company’s shares from “hold” to “sell” amid concerns that the company will need a new cash infusion to fund CEO Sergio Marchionne’s plans for the automaker. Marchionne has made it clear he plans to purchase the remainder of Chrysler, which will require Fiat to raise somewhere between 1.6 billion and 2.9 billion euros. That’s due in part to the fact that the company may have to start paying fair-market value for Chrysler stock as the company’s initial public offer grows near.

Bloomberg reports Marchionne is keen to increase the Fiat stake in Chrysler in order to access the profitable North American manufacturer’s cash flow. Fiat could then use those funds to jump start its ailing European operations, though Marchionne has been quoted as saying Fiat doesn’t need Chrysler’s cash to bring its EU business in line. Last quarter, Fiat reported 20 billion euros of available liquidity, down from 22.7 billion euros at the end of June


AUTO BAILOUT BOMBSHELL: Fiat Says Chrysler, Jeep Production May Move to Italy

October 29, 2012

Last week it was Jeep moving to China when it was just parts production. But now it really is all Jeep production which Fiat is discussing, they want it back in Italy for the jobs most likely. It’s all about jobs who gets them who loses them…

Report: FIAT now says Jeep may move to Italy…:

Coming hot on the heels of speculation that some Jeep production may be moved to China comes a bombshell from a Bloomberg report. Fiat is now considering moving Chrysler and Jeep production to Italy.

According to the piece, “To counter the severe slump in European sales, (Fiat CEO Sergio) Marchionne is considering building Chrysler models in Italy, including Jeeps, for export to North America. The Italian government is evaluating tax rebates on export goods to help Fiat. Marchionne may announce details of his plan as soon as Oct. 30, the people said.”

So, let’s be real clear here, we are talking about vehicles that will be built in Italy and exported to America. The evidence is clear that Fiat is looking at ways to move production of vehicles from the US to elsewhere, whether it be China or Italy, costing American jobs. This is becoming indisputable, despite outcries from certain parties to the contrary.

Mitt Romney has rightfully criticized the Obama Administration for handing over Chrysler to the Italians and now leaving the fate of American workers in the hands of Fiat management. Fiat is not a healthy company and the auto industry is in as great a risk as ever. The insistence that all is well by those with political motivations does not mask the danger. More jobs are at risk of being lost and more taxpayer money may be lost as well.

Let’s face it, the auto bailouts were not well thought out. Perhaps General Motors’ CEO, Dan Akerson, said it best when he said, “The good thing about our bankruptcy is that it took only 39 days. The bad news is that bankruptcy took only 39 days. If we had been there longer, people would have asked these questions and looked at these things.”

The whole auto industry bailout process was rushed through with the wrong primary motivation of protecting the politically powerful UAW’s interests. The Obama Administration never considered that giving Chrysler to Fiat was not a great idea and could eventually hurt the same UAW workers it was trying to protect. Manufacturers like Chrysler and GM are at a competitive disadvantage due to UAW obligations that were not properly addressed in the bankruptcy process. The industry is more competitive than ever and the government does not seem to be the best innovators to lead the sector to real health. This truth is very likely to become more apparent when the political season ends.


Old News, I Know: But Do You Recall How Much The US Government Lost On The Chrysler Bailout?

February 6, 2012

No, Well it was $1.3 billion dollars. And now deemed a success by Obama??? Hardly what I would call a success.

Oops for got the Obama media will do nothing but cheer for this union bailout.

U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.

The government recently sold its remaining 6% stake in the company to Italian automaker Fiat. It wrapped up the 2009 bailout that was part of the Troubled Asset Relief Program six years early.

Why doesn’t the USA lamestream just tell the truth???


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