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Showing posts with label Jeep. Show all posts
Showing posts with label Jeep. Show all posts
09 November 2015
30 October 2012
Says Barack Obama "sold Chrysler to Italians who are going to build Jeeps in China" at the cost of American jobs. 29OKT12
MORE on the lies about Chrysler, Jeep, Fiat and the romney-ryan cabal are spreading in their desperate attempt to deceive and mislead people into voting for them. Check out my earlier post at Romney Jeep Ad Continues To Provoke Controversy & Chrysler, GM Rebuke Mitt Romney Jeep Ad 29&30OKT12
And this from PolitiFact......
And this from PolitiFact......
The Truth-O-Meter Says:
Says Barack Obama "sold Chrysler to Italians who are going to build Jeeps in China" at the cost of American jobs.
Mitt Romney on Monday, October 29th, 2012 in a television adMitt Romney says Obama's Chrysler deal undermined U.S. workers
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An ad from Mitt Romney attacks Barack Obama.
With Ohio’s 18 electoral votes
very much in play, the Mitt Romney campaign aims to blunt one of Barack
Obama’s key advantages in that state -- his rescue of the auto
industry. The carmakers account for about one out of eight jobs there,
and many Ohio assembly line workers are backing Obama for a second term.
The Romney campaign has produced a controversial ad that argues Romney would be better for the auto industry than Obama. In the ad, an announcer says, "Obama took GM and Chrysler into bankruptcy and sold Chrysler to Italians who are going to build Jeeps in China. Mitt Romney will fight for every American job." Images of cars being crushed accompany those words.
The not-so-subtle message is that American workers have suffered from the Chrysler deal. In this fact check, we examine whether the sale of Chrysler came at the cost of American jobs.
How Fiat got Chrysler
By early 2008, it was clear that GM and Chrysler were teetering. Both firms had huge debts and high costs. The recession had slowed car sales to a trickle. Chrysler’s owner, Cerberus Capital Management, was hunting for a buyer and had been talking to Italian carmaker Fiat. In late 2008, President George W. Bush approved billion dollar loans to the companies to keep them afloat.
On Jan. 20, 2009, the day Obama took the oath of office, Fiat announced it was interested in buying Chrysler. Obama created an auto task force and in March, the task force told Chrysler to cut a deal with Fiat or be cut off from further government loans. In early April, Chrysler filed for bankruptcy and at the same time, announced an alliance with Fiat.
By the end of April, the terms of the deal were complete and by June, it was finalized. Cerberus Capital had lost its stake, and Fiat held 20 percent of the new Chrysler and had full operational control.
Steve Rattner, chair of the president’s auto task force, said Fiat was essential to Chrysler’s survival.
"If we had been unable to strike this arrangement with Fiat, I believe that we would have allowed Chrysler to liquidate. So it was a great outcome for all concerned," Rattner said.
Aaron Bragman, a senior analyst with IHS Automotive, a financial research group, said the government couldn’t sell Chrysler because it never owned it. In fact, the auto industry and Chrysler were in such bad shape, this wasn’t a sale at all in the conventional sense.
"Fiat paid nothing for Chrysler," Bragman said, but "they poured MASSIVE resources into the company, such as design help, executive staff and personnel, joint development, engine technology, all sorts of non-cash things that helped Chrysler recover considerably."
Chrysler is now profitable. Laid-off union workers have been rehired, and the company is adding new personnel.
Fiat, Jeeps, and China
When Fiat got Chrysler, it got Jeep. Right before the ad came out, Romney told a crowd in Defiance, Ohio, that plans were afoot to shift the Jeep jobs in Ohio to China.
"I saw a story today that one of the great manufacturers in this state Jeep — now owned by the Italians — is thinking of moving all production to China," Romney said.
Romney had been working off an article from Bloomberg News about Fiat’s discussions to start making Jeeps again in China. The old Chrysler had assembly plants in China, but they had been idle since 2009.
Romney’s words drew an immediate and firm denial from Chrysler headquarters. "Jeep has no intention of shifting production of its Jeep models out of North America to China," the statement said. "A careful and unbiased reading of the Bloomberg take would have saved unnecessary fantasies and extravagant comments."
Bragman, the auto analyst, said Romney’s notion that expansion in China comes at a cost to American workers runs counter to the facts. Chrysler’s Toledo plant is running at full capacity, and its Detroit plant is at three shifts. Chrysler is building cars in the United States for sale here.
The production of cars in China is a sign of Chrysler's growing strength in overseas markets. It would like to build Jeeps in China to sell in China. It is not outsourcing American auto jobs.
"I'm astonished that more people aren't thrilled by the fact that an American company on the brink of literal oblivion has come back strong enough to now once again be making and selling its products in the hottest auto market in the world," Bragman said. "It is a phenomenal success story, quite frankly, and one that has sadly been bizarrely twisted out of shape for political expediency."
Our ruling
The Romney campaign ad says Obama "sold Chrysler to Italians who are going to build Jeeps in China" at the cost of American jobs. The ad leaves the clear impression that Jeeps built in China come at the expense of American workers.
The ad miscasts the government’s role in Fiat’s acquisition of Chrysler, and it misrepresents the outcome. Chrysler’s owners had been trying to sell to Italy-based Fiat before Obama took office. The ad ignores the return of American jobs to Chrysler Jeep plants in the United States, and it presents the manufacture of Jeeps in China as a threat, rather than an opportunity to sell cars made in China to Chinese consumers. It strings together facts in a way that presents an wholly inaccurate picture.
We rate the statement Pants on Fire!
Subjects: China, Jobs, Message Machine 2012, Workers
Sources:
Mitt Romney for President, Who will do more, October 28, 2012
Detroit News, Romney picks up incorrect story about Jeep production moving to China, October 26, 2012
Executive Office of the President, Obama administration auto restructuring initiative: Chrysler-Fiat alliance, April 30, 2009
Chrysler, Jeep in China, October 25,2012
Bloomberg News, Fiat Says Jeep Output May Return to China as Demand Rises, October 22, 2012
Reuters, Timeline: Chrysler bankruptcy, June 10, 2012
Email interview with Steve Rattner, former head of Obama administration auto task force, October 29, 2012
Email interview with Aaron Bragman, analyst, IHS Automotive, October 29, 2012
Email interview with Robert Terra, Romney for President campaign, October 29, 2012
Email interview with Kara Carscaden, Obama for America campaign, October 29, 2012
Written by: Jon Greenberg
Researched by: Jon Greenberg
Edited by: Angie Drobnic Holan
The Romney campaign has produced a controversial ad that argues Romney would be better for the auto industry than Obama. In the ad, an announcer says, "Obama took GM and Chrysler into bankruptcy and sold Chrysler to Italians who are going to build Jeeps in China. Mitt Romney will fight for every American job." Images of cars being crushed accompany those words.
The not-so-subtle message is that American workers have suffered from the Chrysler deal. In this fact check, we examine whether the sale of Chrysler came at the cost of American jobs.
How Fiat got Chrysler
By early 2008, it was clear that GM and Chrysler were teetering. Both firms had huge debts and high costs. The recession had slowed car sales to a trickle. Chrysler’s owner, Cerberus Capital Management, was hunting for a buyer and had been talking to Italian carmaker Fiat. In late 2008, President George W. Bush approved billion dollar loans to the companies to keep them afloat.
On Jan. 20, 2009, the day Obama took the oath of office, Fiat announced it was interested in buying Chrysler. Obama created an auto task force and in March, the task force told Chrysler to cut a deal with Fiat or be cut off from further government loans. In early April, Chrysler filed for bankruptcy and at the same time, announced an alliance with Fiat.
By the end of April, the terms of the deal were complete and by June, it was finalized. Cerberus Capital had lost its stake, and Fiat held 20 percent of the new Chrysler and had full operational control.
Steve Rattner, chair of the president’s auto task force, said Fiat was essential to Chrysler’s survival.
"If we had been unable to strike this arrangement with Fiat, I believe that we would have allowed Chrysler to liquidate. So it was a great outcome for all concerned," Rattner said.
Aaron Bragman, a senior analyst with IHS Automotive, a financial research group, said the government couldn’t sell Chrysler because it never owned it. In fact, the auto industry and Chrysler were in such bad shape, this wasn’t a sale at all in the conventional sense.
"Fiat paid nothing for Chrysler," Bragman said, but "they poured MASSIVE resources into the company, such as design help, executive staff and personnel, joint development, engine technology, all sorts of non-cash things that helped Chrysler recover considerably."
Chrysler is now profitable. Laid-off union workers have been rehired, and the company is adding new personnel.
Fiat, Jeeps, and China
When Fiat got Chrysler, it got Jeep. Right before the ad came out, Romney told a crowd in Defiance, Ohio, that plans were afoot to shift the Jeep jobs in Ohio to China.
"I saw a story today that one of the great manufacturers in this state Jeep — now owned by the Italians — is thinking of moving all production to China," Romney said.
Romney had been working off an article from Bloomberg News about Fiat’s discussions to start making Jeeps again in China. The old Chrysler had assembly plants in China, but they had been idle since 2009.
Romney’s words drew an immediate and firm denial from Chrysler headquarters. "Jeep has no intention of shifting production of its Jeep models out of North America to China," the statement said. "A careful and unbiased reading of the Bloomberg take would have saved unnecessary fantasies and extravagant comments."
Bragman, the auto analyst, said Romney’s notion that expansion in China comes at a cost to American workers runs counter to the facts. Chrysler’s Toledo plant is running at full capacity, and its Detroit plant is at three shifts. Chrysler is building cars in the United States for sale here.
The production of cars in China is a sign of Chrysler's growing strength in overseas markets. It would like to build Jeeps in China to sell in China. It is not outsourcing American auto jobs.
"I'm astonished that more people aren't thrilled by the fact that an American company on the brink of literal oblivion has come back strong enough to now once again be making and selling its products in the hottest auto market in the world," Bragman said. "It is a phenomenal success story, quite frankly, and one that has sadly been bizarrely twisted out of shape for political expediency."
Our ruling
The Romney campaign ad says Obama "sold Chrysler to Italians who are going to build Jeeps in China" at the cost of American jobs. The ad leaves the clear impression that Jeeps built in China come at the expense of American workers.
The ad miscasts the government’s role in Fiat’s acquisition of Chrysler, and it misrepresents the outcome. Chrysler’s owners had been trying to sell to Italy-based Fiat before Obama took office. The ad ignores the return of American jobs to Chrysler Jeep plants in the United States, and it presents the manufacture of Jeeps in China as a threat, rather than an opportunity to sell cars made in China to Chinese consumers. It strings together facts in a way that presents an wholly inaccurate picture.
We rate the statement Pants on Fire!
About this statement:
Published: Tuesday, October 30th, 2012 at 10:44 a.m.Subjects: China, Jobs, Message Machine 2012, Workers
Sources:
Mitt Romney for President, Who will do more, October 28, 2012
Detroit News, Romney picks up incorrect story about Jeep production moving to China, October 26, 2012
Executive Office of the President, Obama administration auto restructuring initiative: Chrysler-Fiat alliance, April 30, 2009
Chrysler, Jeep in China, October 25,2012
Bloomberg News, Fiat Says Jeep Output May Return to China as Demand Rises, October 22, 2012
Reuters, Timeline: Chrysler bankruptcy, June 10, 2012
Email interview with Steve Rattner, former head of Obama administration auto task force, October 29, 2012
Email interview with Aaron Bragman, analyst, IHS Automotive, October 29, 2012
Email interview with Robert Terra, Romney for President campaign, October 29, 2012
Email interview with Kara Carscaden, Obama for America campaign, October 29, 2012
Written by: Jon Greenberg
Researched by: Jon Greenberg
Edited by: Angie Drobnic Holan
Romney Jeep Ad Continues To Provoke Controversy & Chrysler, GM Rebuke Mitt Romney Jeep Ad 29&30OKT12
LIES, LIES AND MORE LIES. That is all the mitt robme romney campaign can off the American voter because if they told the truth nobody but the extremely wealthy and right wing racist extremist. The romney add about Jeep jobs going to the prc is a huge flat out lie, one a Christian candidate wouldn't run. Check out my post Says Barack Obama "sold Chrysler to Italians who are going to build Jeeps in China" at the cost of American jobs. 29OKT12
And this from HuffPost.....
WASHINGTON -- The Mitt Romney campaign is defending its controversial ad that misleads viewers into thinking that under President Barack Obama's watch, Chrysler is moving production of Jeeps to China.
The ad, which has sparked a torrent of complaints and fact checking, was initially caught being aired in the Toledo, Ohio, television market, though the Romney campaign had not announced it publicly. The television tracking service TVEyes shows that it is now airing in Youngstown, Ohio, as well.
A Democratic ad buy source, speaking on condition of anonymity to reveal private data, said that the Romney campaign is spending $360,000 on television ads in Toledo between Oct. 27 and Nov. 1, 35 percent of which is being used to air the Jeep ad. It is spending $138,000 in Youngstown over the same time period, 50 percent of which is going to the Jeep ad.
The campaign is doing all of this without mounting a substantive defense of the ad's content. The spot states that Obama took the auto companies through bankruptcy, without acknowledging that that was Romney's plan as well. It says that the Detroit News endorsed Romney, without noting that the endorsement included a criticism of Romney's position on the auto bailout. It states that Romney has a "plan to help the auto industry," though as Politico's Ben White noted, the Romney campaign hasn't offered reporters any such plan. Finally, it cites a debunked report from Bloomberg to suggest that Chrysler will be returning Jeep production to China, without explaining that the company is doing so to cater to a growing Chinese market and isn't moving any U.S. jobs there to accommodate that demand.
"Obama took GM and Chrysler into bankruptcy and sold Chrysler to Italians who are going to build Jeeps in China. Mitt Romney will fight for every American job," the ad says.
And yet, the Romney campaign has refused to back off the ad. At first, aides refused to actually comment on it. By Monday, however, they were a bit more defiant about its content.
"What's in there that's false? Are they building Jeeps in China or not?" an aide asked BuzzFeed. "I think a lot of Ohioans are wondering why we can't make Jeeps here and ship them to China, just like they are wondering why we can't make — insert product here — in this country and export them to China."
This is a defense by technicality. The exact language of the ad may fall within the boundaries of truth, but the message it imparts is fanciful and misleading. The Huffington Post asked the Romney campaign for an explanation beyond the one it provided anonymously to BuzzFeed. The campaign did not respond.
The Obama campaign, in contrast, was more than happy to tee off on the ad, calling it an illustration of weakness from a Romney campaign unable to gain traction in Ohio.
"Romney, of course, is getting desperate," campaign manager Jim Messina told a conference call of reporters. "So what did he do? He released an ad in Toledo that everyone in America knows is flat-out false. It reeks of desperation because that's what it is."
On a conference call a few hours later, Steve Rattner, who oversaw the auto bailout for Obama, added that he had personally been in touch with officials at Chrysler to get an honest sense of the story. The company, he said, was simply increasing production in China to meet a growing demand there.
"It obviously makes sense to manufacture some or all of those cars closer to the customer rather than shipping them across the world," he said.
Obama campaign Press Secretary Ben LaBolt, meanwhile, told reporters on that same conference call that the campaign would be producing a response ad soon.
UPDATE: 2:45 p.m. -- Here is the ad that LaBolt previewed on the call:
http://www.huffingtonpost.com/2012/10/29/romney-jeep-ad_n_2039898.html?utm_source=Alert-blogger&utm_medium=email&utm_campaign=Email%2BNotifications
And this from HuffPost.....
WASHINGTON -- The Mitt Romney campaign is defending its controversial ad that misleads viewers into thinking that under President Barack Obama's watch, Chrysler is moving production of Jeeps to China.
The ad, which has sparked a torrent of complaints and fact checking, was initially caught being aired in the Toledo, Ohio, television market, though the Romney campaign had not announced it publicly. The television tracking service TVEyes shows that it is now airing in Youngstown, Ohio, as well.
A Democratic ad buy source, speaking on condition of anonymity to reveal private data, said that the Romney campaign is spending $360,000 on television ads in Toledo between Oct. 27 and Nov. 1, 35 percent of which is being used to air the Jeep ad. It is spending $138,000 in Youngstown over the same time period, 50 percent of which is going to the Jeep ad.
The campaign is doing all of this without mounting a substantive defense of the ad's content. The spot states that Obama took the auto companies through bankruptcy, without acknowledging that that was Romney's plan as well. It says that the Detroit News endorsed Romney, without noting that the endorsement included a criticism of Romney's position on the auto bailout. It states that Romney has a "plan to help the auto industry," though as Politico's Ben White noted, the Romney campaign hasn't offered reporters any such plan. Finally, it cites a debunked report from Bloomberg to suggest that Chrysler will be returning Jeep production to China, without explaining that the company is doing so to cater to a growing Chinese market and isn't moving any U.S. jobs there to accommodate that demand.
"Obama took GM and Chrysler into bankruptcy and sold Chrysler to Italians who are going to build Jeeps in China. Mitt Romney will fight for every American job," the ad says.
And yet, the Romney campaign has refused to back off the ad. At first, aides refused to actually comment on it. By Monday, however, they were a bit more defiant about its content.
"What's in there that's false? Are they building Jeeps in China or not?" an aide asked BuzzFeed. "I think a lot of Ohioans are wondering why we can't make Jeeps here and ship them to China, just like they are wondering why we can't make — insert product here — in this country and export them to China."
This is a defense by technicality. The exact language of the ad may fall within the boundaries of truth, but the message it imparts is fanciful and misleading. The Huffington Post asked the Romney campaign for an explanation beyond the one it provided anonymously to BuzzFeed. The campaign did not respond.
The Obama campaign, in contrast, was more than happy to tee off on the ad, calling it an illustration of weakness from a Romney campaign unable to gain traction in Ohio.
"Romney, of course, is getting desperate," campaign manager Jim Messina told a conference call of reporters. "So what did he do? He released an ad in Toledo that everyone in America knows is flat-out false. It reeks of desperation because that's what it is."
On a conference call a few hours later, Steve Rattner, who oversaw the auto bailout for Obama, added that he had personally been in touch with officials at Chrysler to get an honest sense of the story. The company, he said, was simply increasing production in China to meet a growing demand there.
"It obviously makes sense to manufacture some or all of those cars closer to the customer rather than shipping them across the world," he said.
Obama campaign Press Secretary Ben LaBolt, meanwhile, told reporters on that same conference call that the campaign would be producing a response ad soon.
UPDATE: 2:45 p.m. -- Here is the ad that LaBolt previewed on the call:
http://www.huffingtonpost.com/2012/10/29/romney-jeep-ad_n_2039898.html?utm_source=Alert-blogger&utm_medium=email&utm_campaign=Email%2BNotifications
Chrysler, GM Rebuke Mitt Romney Jeep Ad
Mitt Romney's round of highly dubious television and radio ads suggesting that Chrysler and GM are shipping American jobs to China has managed to offend both car companies.
A spokesperson for General Motors told the Detroit Free Press that the ad was, more or less, crass and misleading.
“We've clearly entered some parallel universe during these last few days,” GM spokesman Greg Martin said. “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.”
The day before, meanwhile, Chrysler Group LLC CEO Sergio Marchionne penned a letter to the Detroit News insisting that there was no validity to the idea that the company was shipping Jeep production overseas. Instead, he noted, the company was looking to open new factories in China to meet increasing demand there.
The Romney campaign has showed no willingness to back off the suggestion that American Jeep workers may end up losing their jobs. In fact, the campaign has released a radio ad in Ohio to complement the one it has on television there that repeats the insinuation.
A spokesperson for General Motors told the Detroit Free Press that the ad was, more or less, crass and misleading.
“We've clearly entered some parallel universe during these last few days,” GM spokesman Greg Martin said. “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.”
The day before, meanwhile, Chrysler Group LLC CEO Sergio Marchionne penned a letter to the Detroit News insisting that there was no validity to the idea that the company was shipping Jeep production overseas. Instead, he noted, the company was looking to open new factories in China to meet increasing demand there.
The Romney campaign has showed no willingness to back off the suggestion that American Jeep workers may end up losing their jobs. In fact, the campaign has released a radio ad in Ohio to complement the one it has on television there that repeats the insinuation.
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. And now comes word that Chrysler plans to start making Jeeps in, you guessed it, China.The Romney campaign released the ads before it was rebuked by two of the nation's top automakers. But the criticism seems unlikely to change the campaign's mindset. It never announced the ads to begin with, suggesting the campaign is trying to surreptitiously throw the kitchen sink at President Barack Obama during the election's closing days. Indeed, by Tuesday afternoon, the Romney campaign had put out a blog post from Lee Iacocca and Hal Sperlich, former chairman and president of the Chrysler Corporation, defending Romney as a car guy.
We know what kind of bold leadership it takes to turn around a troubled company. We know because we did it back in the early 1980s at Chrysler. And in our opinion, Mitt Romney is the leader we need to help turn our economy around and ensure that the American auto industry is once again a dominant force in the world.http://www.huffingtonpost.com/2012/10/30/chrysler-romney-jeep-ad_n_2046038.html
Unfortunately, in the absence of a record or a plan to restore the strength of our nation’s economy, President Obama has resorted to misleading attacks about Romney’s commitment to the automotive industry. But if there’s anyone who wants to see American car companies thrive and succeed, it’s Mitt Romney.
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