GM, like Chrysler, refutes Romney's auto industry ad


#1

For the third time in a week, GOP presidential nominee Mitt Romney and the auto industry are at loggerheads, this time over a Romney radio ad implying that GM and Chrysler are expanding production in China at the cost of American jobs.

The ad claimed that "Under President Obama, GM cut 15,000 American jobs, but they are planning to double the number of cars built in China, which means 15,000 more jobs for China."

The accusation drew a dismissive response from a GM spokesman, who explained, "We've clearly entered some parallel universe during these last few days. 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."

read more at cbsnews.com/8301-34222_162-57542993/gm-like-chrysler-refutes-romneys-auto-industry-ad/


It is one thing to misrepresent a candidate's record in a political ad, but to go after "Job Creators" :eek:


#2

2 companies that were bailed out by Obama are refuting Romney

Liberal Mother Jones said of Romney's jeep ad

Technically, every word of this is true. Obama did force GM and Chrysler through a managed bankruptcy. Fiat did end up buying Chrysler. And Chrysler is thinking about building Jeeps in China

10 days ago was reported

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 automakers’ operations in the region

Obama bailed out Chrysler and as of 2010 Fiat has been looking to build Jeeps in China

BAIC-Jeep later evolved into the now-defunct Beijing Benz-Daimler Chrysler company. Ever since the Daimler-Chrysler alliance broke down in 2009, Chrysler has no productions in China. Now that Fiat, Chrysler’s new owner, has officially returned to China and began building factories, there will be Chinese-made Jeep SUVs again in as early as 2014.

In a recent interview, John Kett, vice president and CEO of Chrysler’s Asia-Pacific operations, confirmed this, echoing Fiat-Chrysler CEO Sergio Marchionne’s words that Fiat is to have a production capacity of 300,00 units a year in China within five years through its joint venture with GAC (Guangzhou Automobile Group Co.). And Changsha, the capital of Hunan province, will be the location of the production base.

Fiat may be the only major automakers that suffered heavy losses in China in recent years. After losing tens of millions US dollars, it stopped partnership with Nanjing Auto, now part of SAIC. It temed up with GAC in late 2009 to give the Chinese market one more try.

And just this weekend, Fiat's CEO Sergio Marchionne admitted the company had intentions of building jeeps in Europe as well. According to a Bloomberg News report:
To counter the severe slump in European sales, 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

Was reported 2 years ago

Fiat is in “very detailed conversations” with its Chinese partner, Guangzhou Automobile Group Co. (2238), about making Jeeps in the world’s largest auto market, said Mike Manley, chief operating officer of Fiat and Chrysler in Asia. Chrysler hasn’t built Jeeps there since before Fiat took control in 2009

3 days ago CEO Sergio Marchionne of Fiat said

To counter the severe slump in European sales, 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


#3

[quote="bellasbane, post:1, topic:303764"]
For the third time in a week, GOP presidential nominee Mitt Romney and the auto industry are at loggerheads, this time over a Romney radio ad implying that GM and Chrysler are expanding production in China at the cost of American jobs.

The ad claimed that "Under President Obama, GM cut 15,000 American jobs, but they are planning to double the number of cars built in China, which means 15,000 more jobs for China."

The accusation drew a dismissive response from a GM spokesman, who explained, "We've clearly entered some parallel universe during these last few days. 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."

read more at cbsnews.com/8301-34222_162-57542993/gm-like-chrysler-refutes-romneys-auto-industry-ad/


It is one thing to misrepresent a candidate's record in a political ad, but to go after "Job Creators" :eek:

[/quote]

Does anyone think GM is going to cross their biggest customer over something like a few silly facts?

content.usatoday.com/communities/driveon/post/2012/04/gm-general-motors-china-cadillac-big-plans/1

It plans to open 600 dealerships in China this year and nearly double the number of cars it builds in China by 2016, with plans to introduce a new Cadillac each year for several years, according to GM executives. It even intends to build an updated version of the EN-V pod-car that it showed in Shanghai a couple of years ago.


Last year, GM and its partners sold 2.55 million cars and trucks in China. GM** plans to boost its production capacity there to 5 million cars a year by 2016. "We fundamentally believe in the strength of the Chinese market," Akerson said**.

Apparently they don't have the same fundamental belief in the strength of the US market.


#4

Opinion article/blog


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