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btc1 Champion Author Lexington Posts:17,832 Points:793,130 Joined:Aug 2006	Message Posted: May 3, 2012 10:41:54 AM Ignore btc1 Report Abuse Chrylser rebounds after paying back most of the bailout and buying back stock owned by the US Treasury. "In the first quarter, Chrysler earned $473 million, boosted by strong US sales of its popular Ram pickups, Chrysler 200 sedans and Jeep Grand Cherokee SUVs. In fact, Chrysler sales in the US rose 39 percent in the period from January through March. This marks the third consecutive quarterly profit for Chrysler—that’s quite a feat for the company, which made four times less last year when it posted earnings of $116 million." "In May of 2011, Chrysler repaid the $11.2 billion it received in federal bailout funds—six years ahead of schedule—and in July the automaker repurchased the shares formerly owned by the US Treasury. As a whole, the auto industry is poised for resurgence—Chrysler rivals General Motors and Ford have also posted strong earnings in the past year, despite consistently high gas prices." If you truly believe this was a bad idea, I could find some new Chrylser employees in Belvedere, Ill, Detroit, MI and Toledo, OH to disagree with you, along with all the ones already hired by Chrysler! They are thankful for their jobs.

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Lexington

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Message Posted: May 3, 2012 10:41:54 AM

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Chrylser rebounds after paying back most of the bailout and buying back stock owned by the US Treasury.

"In the first quarter, Chrysler earned $473 million, boosted by strong US sales of its popular Ram pickups, Chrysler 200 sedans and Jeep Grand Cherokee SUVs. In fact, Chrysler sales in the US rose 39 percent in the period from January through March.

This marks the third consecutive quarterly profit for Chrysler—that’s quite a feat for the company, which made four times less last year when it posted earnings of $116 million."

"In May of 2011, Chrysler repaid the $11.2 billion it received in federal bailout funds—six years ahead of schedule—and in July the automaker repurchased the shares formerly owned by the US Treasury.

As a whole, the auto industry is poised for resurgence—Chrysler rivals General Motors and Ford have also posted strong earnings in the past year, despite consistently high gas prices."

If you truly believe this was a bad idea, I could find some new Chrylser employees in Belvedere, Ill, Detroit, MI and Toledo, OH to disagree with you, along with all the ones already hired by Chrysler! They are thankful for their jobs.

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btc1 Champion Author Lexington Posts:17,832 Points:793,130 Joined:Aug 2006	Message Posted: May 11, 2012 8:57:40 AM Ignore btc1 Report Abuse This topic is about Chrysler's resurgence. And oh btw, the others are not having a production shut down this summer. Jobs are still secure and increasing in the auto industry. The Toyota plant here just announced an increase in the motor plant production and will now produce engines for most other plants, in North America. But, oh yeah, it has to be a bad idea to save over 2 million jobs, when you count the suppliers! The cons just want to blame Obama for ruining the economy. What would it have been like if the Bush principles had been continued?
I75at7AM Champion Author Dayton Posts:66,568 Points:2,435,395 Joined:Feb 2006	Message Posted: May 8, 2012 12:29:48 AM Ignore I75at7AM Report Abuse Ford: Sales slip for the first time this year. Ford Profit Falls, but U.S. Remains Strong - "In the first quarter, Ford's operating profit in its North American unit rose 16% to $2.1 billion, giving that region a profit margin of 11.5%—well above the 5% figure that U.S. auto makers once considered acceptable. " You okay with that? High taxes hurt but the US market for Ford is still strong. Overall, sales of the company’s namesake brand decreased 4.7 percent from last year, while at the same time "Through the first four months of 2012, Ford's U.S. sales remain up nearly 5 percent from the same time last year. For the first quarter of this year, Ford sales were up nearly 9 percent versus year-ago, totaling 539,247 vehicles sold." GM? General Motors (GM) reported that April sales fell 1% year over year, but the company lifted its projections for total domestic auto sales on expectations that the U.S. economy is recovering. "GM sales slid 8% and Ford’s (F) fell 5% in April." The whole story?
johnnyg1200 Champion Author St. Louis Posts:4,197 Points:646,995 Joined:May 2011	Message Posted: May 7, 2012 9:32:28 PM Ignore johnnyg1200 Report Abuse Here are some inconvenient facts. If you think the auto bailout was a great idea try to tell that to the folks at the Fenton Missouri (St. Louis) Chrysler plant. If you drive down highway 44 just west of St. Louis you can tell where the plant was by the empty lot where the plant used to be. By empty I mean vacant the plant is gone. The claim that Chrysler paid back the loan is a shell game. They gave the government stock in the new company. The Chrysler stock was sold to Fiat at a loss of 1.3 Billion dollars of tax payer money and the Car Zara told us it was a great deal. Only our government could conduct a business deal that loses 1.3 billion and call it a great deal. Now as for Government Motors, in 2011 the Congressional Budget Office estimated that the taxpayers would lose about 23.6 BILLION on GM. In addition the government still has preferred GM stock or about 26% of the company. The government will need to sell the 500 million shares it owns at about $53 each to break even. It closed at 22.34 a share today, 7 May 2012. As GM’s Stock Price Drops, Auto Bailout Cost Goes Up [Edited by: johnnyg1200 at 5/7/2012 9:33:52 PM EST]
TAFKATP Champion Author Denver Posts:4,411 Points:33,720 Joined:Sep 2011	Message Posted: May 7, 2012 8:25:20 PM Ignore TAFKATP Report Abuse "If you truly believe this was a bad idea, I could find some new Chrylser employees in Belvedere, Ill, Detroit, MI and Toledo, OH to disagree with you, along with all the ones already hired by Chrysler! They are thankful for their jobs." What about the GM workers that LOST their jobs? GM Layoffs: 10,000 Dismissed; Bailout Money Goes to Brazil Typical Obama rhetoric: Give Obama credit for others' success, blame others for Obama's failures...
TAFKATP Champion Author Denver Posts:4,411 Points:33,720 Joined:Sep 2011	Message Posted: May 7, 2012 6:42:55 PM Ignore TAFKATP Report Abuse Chrysler/Dodge/Jeeps' sales are way up compared to the US Automakers. Which is odd, given that their catalog is rather dated. Of course, they're selling what Americans want. Chrysler sales boom 20%, Ford slips 4.6%, GM down 8.2% •Fiat 500 minicar, the only Fiat model sold in the U.S. and counted as a Chrysler Group brand here, is finally gaining some traction, with sales up 336%, though that was just 3,849 cars. A year ago it had just gone on sale and CEO Sergio Marchionne now says it wasn't being properly marketed and has replaced the marketing chief and brand head. •Chrysler 300, the brand's big halo car, was up 138%. A new V-6 model with a new eight-speed automatic has helped in an era of higher gas prices with an easy-to-advertise 31 mpg highway rating. •Jeep, a standout many months, was up 19%, with the Wrangler zipping 35% ahead of last year. •Jeep Grand Cherokee rose 21%. Marchionne said Monday that demand is so strong that the factory will skip the usual two-week summer shutdown and add 1,100 workers in November instead of next year. Sounds more like a success story for Fiat than the Government... Oh, yeah, how is Government Motors doing? "GM down 8.2%..."
btc1 Champion Author Lexington Posts:17,832 Points:793,130 Joined:Aug 2006	Message Posted: May 7, 2012 6:21:41 PM Ignore btc1 Report Abuse LOL!, LT.
LTVibe Champion Author Orlando Posts:6,701 Points:523,620 Joined:Mar 2010	Message Posted: May 3, 2012 2:22:47 PM Ignore LTVibe Report Abuse >>>I have to say, Fiat is a smarter company than Damlier was.<<< Daimler's problem is arrogance, not ignorance.
btc1 Champion Author Lexington Posts:17,832 Points:793,130 Joined:Aug 2006	Message Posted: May 3, 2012 11:17:57 AM Ignore btc1 Report Abuse I have to say, Fiat is a smarter company than Damlier was. They have kept over 50% of Chrysler production in the US, too! Now, Chrysler is bolstering Fiat, Spa overall! [Edited by: btc1 at 5/3/2012 11:17:56 AM EST]
btc1 Champion Author Lexington Posts:17,832 Points:793,130 Joined:Aug 2006	Message Posted: May 3, 2012 11:13:45 AM Ignore btc1 Report Abuse I75at7AM, yeah you are right. Ford is still in sales slump.
I75at7AM Champion Author Dayton Posts:66,568 Points:2,435,395 Joined:Feb 2006	Message Posted: May 3, 2012 11:11:02 AM Ignore I75at7AM Report Abuse Well, marine, anyone can take government money, and lose it, as we have seen all too well with Obama's pet green energy projects. It took a new leadership (the notoriously conservative Marchionne) to introduce improved models and revitalize Chrysler's sales. That the American taxpayers got their money back is a bonus. It was the private leadership that saved Chrysler. [Edited by: I75at7AM at 5/3/2012 11:10:33 AM EST]
gocatgo Champion Author South Carolina Posts:15,669 Points:2,531,530 Joined:Apr 2006	Message Posted: May 3, 2012 11:03:35 AM Ignore gocatgo Report Abuse Mitt Romney, do not bailout the troubled American auto makers. article His early stance on a govt bailout will cost him votes in car manufacturing country.
marine63 Champion Author Madison Posts:12,445 Points:1,462,000 Joined:Oct 2005	Message Posted: May 3, 2012 11:00:41 AM Ignore marine63 Report Abuse "In May of 2011, Chrysler repaid the $11.2 billion it received in federal bailout funds—six years ahead of schedule—and in July the automaker repurchased the shares formerly owned by the US Treasury.' What part of that = private money?
I75at7AM Champion Author Dayton Posts:66,568 Points:2,435,395 Joined:Feb 2006	Message Posted: May 3, 2012 10:53:21 AM Ignore I75at7AM Report Abuse Fiat (an Italian company) owns 58.5% of Chrysler. “It is fair to say that Chrysler is firing on all cylinders,” Sergio Marchionne, the notoriously conservative chief executive of both Fiat and Chrysler, told reporters and analysts..." Thanks for pointing out that a private bailout did a better job of saving an American company than a government bailout did. [Edited by: I75at7AM at 5/3/2012 10:56:06 AM EST]
marine63 Champion Author Madison Posts:12,445 Points:1,462,000 Joined:Oct 2005	Message Posted: May 3, 2012 10:51:56 AM Ignore marine63 Report Abuse we are all forever thankful that it was Mitt Romney's idea. lol
MiddletownMarty Champion Author Connecticut Posts:17,579 Points:269,545 Joined:Jul 2008	Message Posted: May 3, 2012 10:43:05 AM Ignore MiddletownMarty Report Abuse Good thing we had Mitt Romney.