Chrysler

You Are Better Off Now Than Four Years Ago Because American Auto Makers Are Innovating


Four years ago, the American auto industry was struggling.  After a decade of focusing on trucks and SUVs, the Big Three—Ford, General Motors and Chrysler—were unprepared for the effect of higher energy prices and the economic crisis on consumer demand. Throughout the early 2000s, the Big Three produced big inefficient vehicles. But with high gas prices and smaller spending budgets, consum...
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Romney Loves American Cars; Obama Loves American Car Workers

Romney has blasted Obama every auto-manufacturing-job-preserving step of the way. On the auto bailout, Romney admonished, “Let Detroit go bankrupt.” He condemned the tariffs on Chinese tires.
President Barack Obama, by contrast, has given some love to American car companies and American car workers. He rescued Chrysler and General Motors, preserving the American icon companies and hundreds of thousands of American car manufacturing jobs. He imposed sanctions on Chinese tires that received improper export subsidies, a move that saved thousands of U.S. tire-building jobs. And now he’s challenging illegally-subsidized Chinese auto parts to sustain American companies and workers.
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