Detroit Bureau on Twitter

Posts Tagged ‘romney chrysler’

Donald Trump Rebuked After False Jeep Claims

Senior Chrysler VP offers unfiltered response.

by on Nov.02, 2012

Tweet, Tweet, Tweet. Donald Trump repeats discredited Jeep China claims.

Days after Chrysler and General Motors rebuked GOP presidential candidate Mitt Romney for incorrectly claiming they were transferring production – and jobs – from the U.S. to China, professional limelight seeker Donald Trump jumped into the fray.

The self-declared mega-millionaire ignored evidence to repeat claims about Chrysler, in particular, that had been used by the Romney campaign in an effort to win crucial votes in the swing state of Ohio, Trump tweeting that Pres. Barack Obama, “is a terrible negotiator. He bails out Chrysler and now Chrysler wants to send all Jeep manufacturing to China — and will!”

Auto News From a Source You Trust!

In an unvarnished reply, Chrysler Vice President Ralph Gilles, the maker’s head of design and director of its SRT division, shot back, “You are full of shit.”

Gilles followed with a second Tweet, “I apologize for my language, but lies are just that, lies.”


Romney Accused of Personally Profiting as 1000s of Delphi Retirees Lost Pensions

GM, Chrysler tell GOP candidate he’s wrong about China jobs.

by on Oct.31, 2012

GOP candidate Romney is now taking fire back from Chrysler and General Motors.

This story has been updated to include a late response by a Romney campaign official.

GOP presidential candidate Mitt Romney is facing allegations he personally profited from the auto bailout he has repeatedly criticized while his hedge fund allies left thousands of Delphi retirees out in the cold, leaving the federal government to cover the cost of their retirement benefits.

The former Massachusetts governor has also championed the cause of Delphi salaried retirees whose pensions were terminated during its bankruptcy, insisting the deal that helped the giant automotive supplier emerge from Chapter 11 was rigged to favor union employees.

Feed Your Need for News!

But a new story by The Nation outlined Romney’s investment in the hedge fund, Elliott Management, which was heavily involved in restructuring Delphi Automotive, the bankrupt supplier critical to General Motors. A significant part of the Romney family fortune is managed by Elliott Management, which is operated by Paul Singer, a billionaire who is also one of the largest donors to Romney’s 2012 presidential campaign.

Separately, both General Motors and Chrysler have fired back at the GOP candidate declaring he has been “inaccurate” in claims that the two makers – both rescued by 2009 government bailouts – have used public funds to transfer jobs from the U.S. to China. GM declared the latest Romney ads “politics at its cynical worst.”


Chrysler CEO Marchionne Calls Out Romney Over False Jeep Ads

Exec pulled into political fray over "inaccurate" claims Jeep moving to China.

by on Oct.30, 2012

Chrysler CEO Sergio Marchionne may have wanted to sit out the election but he's been pulled into the fray.

Despite declaring his desire to stay out of this year’s presidential battle, Chrysler CEO Sergio Marchionne has found himself drawn into the fray as he responded to a series of comments and political ads by GOP contender Mitt Romney, which he called “inaccurate.”

The Italian-born Marchionne made it clear in a note sent to Chrysler employees that statements and advertising by Republican presidential candidate Mitt Romney suggesting the company was moving Jeep production from its assembly complex in Toledo, Ohio to China was simply not true.

Fair and Balanced!

“Chrysler Group’s production plans for the Jeep brand have become the focus of public debate,” the Chrysler CEO said in the statement that was also released to the media.

The domestic auto industry has become a central topic of debate between President Barack Obama, who approved the largest portion of an $84 billion government bailout of Chrysler and General Motors, and his Republican rival – Romney arguing against the rescue effort but also trying to claim he helped to save the two makers by demanding a “structured” bankruptcy.


Stand on Auto Bailout Bites Romney in Home State

The answer, says former governor, was to follow “the process of law.”

by on Jun.09, 2011

Candidate Romney during a less controversial visit to Michigan - when he won the state's '08 GOP primary.

In 2008, presidential candidate Mitt Romney got a strong boost from his home state of Michigan, winning his only primary victory in a state once governed by his father, George Romney, who was also the one-time head of American Motors.

Things may be a little different this time as the younger Romney, a former Massachusetts governor, once again throws his hat in the ring.

Making a series of early campaign stops in the heartland of the domestic auto industry, the candidate is being dogged by protestors who recall that despite his expressed support for the slumping auto industry, in 2008, Romney went on to argue against a federal rescue of bankrupt General Motors and Chrysler, insisting he believed in “the process of law,” rather than bailouts.

Subscribe Now!

An op-ed he authored in the New York Times, prior to the election, was titled “Let Detroit Go Bankrupt.”

More than 100 auto workers gathered outside a restaurant in the Motor City suburb of Livonia, on Thursday, some carrying signs with the name, “Mitt” circled, with a line through it.