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.
13 comments:
NO MORE JEEPS FOR ME
951 really? why? Because a company chooses to shift some of its production to a market where it expects demand to sky rocket in the near future?
no because we are sending jobs to other countries thanks to current politicians. Why cant we make them here sell them there?
And they (the msm) called Romney a liar???
...and we, the taxpayers FINANCED it!
And they (the msm) were were right.
10:35 - the Jeeps being made in China are for Asian consumption. The Jeeps made in North America are for North American consumption. So we are still making them here and selling them here.
lol 1035. yep, thanks to politicians. Not to the billion+ potential customers in asia. Maybe we should enact some socialism and force them to make their cars here then pay to ship them to asia. That will show em. yeah, see, yea
11:02 Too much logic for the posters on here to follow.
Some people need a reading comprehension test.
12:59
Since you just posted......are you and 11:02 one of the "posters" you are talking about?
Was on a site visit a few years back through the Jeep Liberty plant in Toledo, Ohio. Very impressive; a great deal of robotics to make heavy or somewhat unsafe jobs easier while providing higher quality.
That said, even if no jobs are lost in Toledo, each off-shore job created to build Jeeps elsewhere is a job 'lost' in the USA. Not to mention the loss of technology in any endeavor that sets foot in China.
It's a global economy, true, but this is an export of jobs. Romney was absolutely correct.
And check to see how much Government Motors product is being designed in Germany (Opel) and produced in Korea; more lost jobs on the assembly floor!
Maybe if they didn't have to pay such over inflated union wages here in the USA they could afford to keep them here instead of shipping it overseas. Just one more thing the union can take credit for.
Bain Capital must have bought Jeep. That Romney is a money maker.
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