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Title: Chrysler Repeats Not Moving Jeep Work To China From U.S.
Source: Reuters
URL Source: http://www.reuters.com/article/2012 ... ler-jeep-idUSBRE89T15X20121030
Published: Oct 30, 2012
Author: Reuters
Post Date: 2012-10-30 13:45:21 by Brian S
Keywords: None
Views: 1797
Comments: 4

DETROIT | Tue Oct 30, 2012 1:41pm EDT

(Reuters) - Chrysler Group LLC Chief Executive Sergio Marchionne reaffirmed on Tuesday that the company is not moving Jeep vehicle production out of the United States to China after it became an issue in the U.S. presidential campaign.

Chrysler in an October 25 blog post had already rejected a statement made that day to a crowd in Ohio by Republican presidential candidate Mitt Romney, that Chrysler was thinking of moving all Jeep production from Ohio to China.

Marchionne told employees by email on Tuesday, "I feel obliged to unambiguously restate our position: Jeep production will not be moved from the United States to China."

Romney, speaking last week to a crowd in Defiance, Ohio, said that he had read a news article that said Chrysler's Jeep brand is considering moving "all production to China."

Later, the Romney campaign aired an advertisement that did not repeat the move of production from Ohio but said that Chrysler is considering making Jeeps in China, which Chrysler has said.

U.S. President Barack Obama's campaign, in its own ad, said Romney was making a "false claim" and noted that Chrysler had challenged Romney's statement.

Ohio is seen by many political pollsters one of several key "swing" states in next Tuesday's presidential election.

Chrysler has been managed by Fiat SpA (FIA.MI) since it emerged from its 2009 bankruptcy, when the Italian company took 20-percent ownership. Marchionne is chief executive of both Chrysler and Fiat.

Fiat has since increased its ownership to 58.5 percent after achieving several goals, including building a fuel-efficient compact car made in the United States and increasing Chrysler sales outside its North American base.

Romney's ad and his comments in Defiance state that Chrysler has been taken over by an Italian company. Chrysler is based in Auburn Hills, Michigan, outside Detroit. Defiance is about an hour's drive to the a main Jeep plant in Toledo, Ohio.

Chrysler as early as June 2011 had said it was considering adding Jeep production in China.

"We are working to establish a global enterprise and previously announced our intent to return Jeep production to China, the world's largest auto market, in order to satisfy local market demand, which would not otherwise be accessible," said Marchionne in the email on Tuesday.

And he also reaffirmed previous Chrysler announcements about increasing its Jeep production at plants in Ohio, Illinois and Detroit.

"We will invest more than $1.7 billion to develop and produce the next-generation Jeep SUV, the successor of the Jeep Liberty -- including $500 million directly to tool and expand our Toledo Assembly Complex and will be adding about 1,100 jobs on a second shift by 2013," his email to employees said.

Marchionne said that Chrysler, including Jeep, has added 11,200 jobs in the United States since 2009.

"Jeep assembly lines will remain in operation in the United States and will constitute the backbone of the brand," said Marchionne in the email. "It is inaccurate to suggest anything different."

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#1. To: Brian S (#0)

U.S. President Barack Obama's campaign, in its own ad, said Romney was making a "false claim" and noted that Chrysler had challenged Romney's statement.

Your shit face is lying again.

A K A Stone  posted on  2012-10-30   13:47:19 ET  Reply   Trace   Private Reply  


#2. To: All (#1)

Chrysler CEO Sergio Marchionne said the automaker plans to build some Jeeps in China for the local market — and later, in Russia.

"As part of our global expansion of the Jeep brand, there are some cars — that because of the price position in the market — can never be made in the U.S. and exported," Marchionne told reporters on the sidelines of the North American International Auto Show. "We're going to be announcing the first step in the globalization of Jeep (in China). There's another one that's going to come in Russia. These things are part of a natural process of expansion."

Marchionne said he will keep "the pillar cars of the Jeep (brand) in the United States. Wrangler is one. The Grand Cherokee is another. These are things that need to be protected because they represent the best and the essence of Jeep. If you tell me I cannot make a Patriot somewhere else, I might as well go out of the market."

Marchionne came under harsh criticism from Republican presidential candidate Mitt Romney, who falsely suggested that Chrysler would shift production from Ohio to China of the Jeep brand. The Romney ad on the issue was branded the "lie of the year" by fact checker "Politifact."

Marchionne rejected Romney's assertion in a letter to employees last fall. "I set the record straight to our people," he said. "We live in a world where we tell each other the truth and I think the stuff that was coming out was improperly phrased — it certainly was not reflective of the position of Chrysler."

Separately, Marchionne said no initial public offering could occur before nine months.

"Even I execute flawlessly… At the earliest, it's the fourth quarter," Marchionne said, noting that Chrysler needs to convert to a Chapter C Corporation first. "We will see what the markets say about an IPO."

He said he understands the United Auto Workers health care trust fund wants to swap more stock for cash.

"They need to see their position monetized," Marchionne said. "We'll try to get them a way there. If they want to do it through an IPO, we'll do it through the IPO."

Marchionne said he believes U.S. vehicle sales will be strong in 2013, totaling at least 15 million.

dshepardson@detnews.com

(202) 365-8210

From The Detroit News: http://www.detroitnews.com/article/20130114/AUTO04/301140373#ixzz2I2oXPdhW

Ok who is going to say they are sorry to Mitt? He was right.

A K A Stone  posted on  2013-01-15   6:55:13 ET  Reply   Trace   Private Reply  


#3. To: Brian S (#0)

He little wuss. Why did you post propaganda? Oh that is right you are down on Obama 24/7.

A K A Stone  posted on  2013-01-15   6:56:20 ET  Reply   Trace   Private Reply  


#4. To: Brian S (#3)

Nevermind I forgot you ran away like a little girl. Words scare you don't they wuss boy? Cat got your tongue? You always had some smart ass answer? Cat got your tongue wuss?

When you get tired of the dykes site get off the internet you are to stupid.

A K A Stone  posted on  2013-01-15   6:57:55 ET  Reply   Trace   Private Reply  


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