President Obama took Chrysler and GM into bankruptcy and even sold Chrysler to the Italians. Who will do more for the auto industry? The clear answer is Mitt Romney.
We sold our U.S. shares in Chrysler to Fiat at a loss of $1.3 billion. Fiat was to continue making cars in the U.S. but Obama did not have it written into the contract. Fiat can take off for China whenever they want and they undoubtedly will.
Romney’s ad should have included China Motors, also known as Government Motors, in the ad.
Dan Akerson, GM CEO, said that 7 out of 10 GM automobiles are made outside the United States. They are moving their advanced R & D to China as well.
President Obama is planning an ad to counteract the Romney ad. He’ll have to twist the truth to make it work. He can give no assurance that Jeep won’t move all their cars to China eventually. He did’t make that part of the sale. He’s a rank amateur.