Archive for the ‘automakers’ Category
October 22nd, 2011 | 
Author: Fisker in Finland: ABC News Uncovers Another Obama Green …
carspike.com10/21/11
RUSH: ABC News has a huge story here, and it cannot get any traction. And the reason it cannot get any traction is because Obama and Biden are running around.
Fisker, electric carmaker backed by $529 million US loan, balks at Solyndra … – Washington Post
Mother Nature Network (blog)Fisker, electric carmaker backed by $529 million US loan, balks at Solyndra …Washington PostThis week, Fisker delayed until 2013 the production of the moderately priced family car it plans to build in Delaware. It also l …
ABC News just reported that an electric car company that received a $529 government loan is now manufacturing the cars overseas.
Vice President Joseph Biden heralded the Energy Department’s $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs.
But two years after the loan was announced, it’s been revealed that the cars are being assembled in Finland.
So why is that?
Henry Fisker says:
"There was no contract manufacturer in the U.S. that could actually produce our vehicle. They don’t exist here".
"The U.S. money has been spent on engineering and design work that stayed in the U.S. and not on the 500 manufacturing jobs that went to a rural Finnish firm, Valmet Automotive".
"We’re not in the business of failing; we’re in the business of winning. So we make the right decision for the business. That’s why we went to Finland".
The loan to Fisker was part of a $1 billion bet the Energy Department made on two politically connected California-based electric car-makers producing sporty and very pricey cutting-edge autos.
Fisker Automotive, backed by a powerhouse venture capital firm whose partners include former Vice President Al Gore, predicts it will eventually be churning out tens of thousands of electric sports sedans at the shuttered GM factory it bought in Delaware.
And Tesla Motors, whose prime backers include PayPal mogul Elon Musk and Google co-founders Larry Page and Sergey Brin, says it will do the same in a massive facility tooling up in Silicon Valley.
This scandal coming on the heels of several other failed loans to companies such as Soyndra is very bad and very embarrassing news for the Obama administration.
Posted in 2012, administration, auto sales, automakers, Biden, economy, financial crisis, financial system, politics, presidential elections, scam, Unemployment, US economy, video | 
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Auto Trends Magazine » Chrysler to Shower Jeep With Some …
www.autotrends.org11/16/11
The Chrysler Group will be investing $1.7 billion in it hottest brand, which is Jeep. Today, CEO Sergio Marchionne announced that it will pour $500 million into its Toledo North Assembly Plant, create a second shift that will …
Chrysler, GM Closures Don't Faze Car Dealer-Focused VAR
www.crn.com5/15/09
The closures of more than 1000 Chrysler and GM dealerships will not have a devastating impact on one of the largest solution providers servicing that market, according to a spokesman for Reynolds & Reynolds, a Dayton, …
788 of the 789 dealerships that were shut down by the Federal Government had donated money exclusively to republican political causes!
After Chrysler announced that it would be filing for bankruptcy the Government said that it was prepared to step in, in order to save jobs, and Obama famously announced that Chrysler was "Too big to fail!".
Obama then announced a new car-czar named Steve Rattner to head up what came to be called the "Automotive Task Force" which would save both Chrysler and G.M.
A list of dealerships that were to be closed was published, and it was initially thought that the auto companies had put together the lists but The Washington Examiner, Newsmax, Fox News and a host of other news agencies soon published articles showing that the list of dealerships was actually put together by the "Automotive Task Force" which was headed by Obama’s new czar, Mr. Steve Rattner.
Which Dealerships Were To Be Closed And Why?
On May 27, 2009, The Washington Examiner and Newsmax broke the story that of the 789 dealerships slated to be closed by the federal government, that 788 of them had donated money, exclusively to Republican political causes.
The only "Democratic" dealership on the closure list was said to have donated $7,700 to Hillary Clinton’s campaign, and a little over $2,000 to John Edwards. This same dealership, reportedly, also gave $200.00 to Obama’s campaign.
Who Is Maureen White?
Well Steve Rattner is married to a Maureen White and she was the national finance chairwoman of the Democratic National Committee and as such she had access to every campaigns’ donation records!
And Who Is McClarty?
If the link no longer works, although it should do, what was written there was:
RLJ-McLarty-Landers Automotive Group is a partnership between the RLJ Companies and McLarty-Landers Automotive.
The partnership combines the 10 existing dealerships owned by Mack McLarty, former Bill Clinton chief of staff, and his partner Steve Landers with a capital commitment from the RLJ Companies which will be used to acquire additional dealerships.
The partnership’s goal is to add approximately 20 dealerships to its current portfolio and increase its current revenue from approximately $400 million to more than $1 billion over the next five years.
None of the above dealerships got shut down, whereas all of the competing Chrysler/Dodge and Jeep dealerships in the area got closed!
Hopefully that tells you something and bells are ringing, loudly!
Who Owns Chrysler?
That’s right the UAW now owns 55%, Fiat 35% and the government and secured lenders own the remaining 10%.
Just Think!
If the all the above is accurate and it would honestly seem to be, then the Obama administration cost tens of thousands of people their jobs by closing down businesses just because it didn’t like they’re politics.
What Happened to Steve Rattner?
Rattner resigned on July 13, 2009 and was quickly replaced by former steel workers union boss Ron Bloom and according to CBS News, Rattner left "to return to private life and spend time with his family”.
Do a search for “Steve Rattner Investigations” and you most likely won’t be surprised at what you find!
The Czars
Obama has 32 personally appointed "czars" who answer to no one but him, all of whom are acting without any Constitutional authority whatsoever, but hey, we’re sure they all have "unique skills”, as Tim Geithner loves to say.
Is It All True?
I can’t guarantee that everything here is accurate because many of the actions took place behind closed doors, but if you know why something should be changed then just give me the proof and I’ll change it, and any similar information about GM closures would be great too!
Posted in administration, Chrysler, economy, financial crisis, financial system, GM, job losses, layoffs, politics, Unemployment, Washington |
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