12 Billion dollar US taxpayer bail out plan, and Chrysler want's to move a plant to Mexico!
"Be glad you live in interesting times." An old Chinese "thinly veiled threat" that seems to be more true as we go along! I am just going to allow you to read this with no further comment from me!
Chrysler Engine Plant Moving To Mexico???
Say it ain't so after 12 BILLION DOLLAR BAILOUT!
http://www.bizjournals.com/milwaukee...4/daily13.html
Gov. Jim Doyle on Monday sent a letter to President Barack Obama saying Chrysler LLC should amend its bankruptcy plan to keep the Kenosha engine plant in operation.
Doyle said he has been working on an incentive plan with Chrysler and continues to push to keep the plant, which has about 800 employees, in operation.
“Taxpayers understand being asked to loan Chrysler $12 billion to help them survive this economic downturn,” Doyle wrote. “But Wisconsin workers will not understand having to sacrifice their jobs to a foreign plant.”
Chrysler has filed bankruptcy as part of a reorganization that will include a partnership with European automaker Fiat, along with taxpayer-financed backing from the U.S. government.
Chrysler’s restructuring plan gives priority to a plant in Saltillo, Mexico, over the Kenosha engine plant, Doyle wrote.
“We recognize that Chrysler must make difficult decisions, but these decisions must be balanced and fair,” he stated in the letter.
Given the role that the U.S. government and taxpayers are playing in supporting Chrysler, the auto manufacturer should prioritize its U.S. plants over any foreign factories, according to the letter, which is co-signed by Kenosha County Executive Jim Kreuser and Kenosha Mayor Keith Bosman.
Auburn Hills, Mich.-based Chrysler should amend its bankruptcy plan to include Kenosha as a manufacturing site for the Phoenix/Pentastar engine, Doyle wrote.
The letter said that state officials have had several meetings with Chrysler management and have put together a “very competitive incentive package” to keep work in Kenosha.
Tom Ford
NO. 629
Chrysler Engine Plant Moving To Mexico???
Say it ain't so after 12 BILLION DOLLAR BAILOUT!
http://www.bizjournals.com/milwaukee...4/daily13.html
Gov. Jim Doyle on Monday sent a letter to President Barack Obama saying Chrysler LLC should amend its bankruptcy plan to keep the Kenosha engine plant in operation.
Doyle said he has been working on an incentive plan with Chrysler and continues to push to keep the plant, which has about 800 employees, in operation.
“Taxpayers understand being asked to loan Chrysler $12 billion to help them survive this economic downturn,” Doyle wrote. “But Wisconsin workers will not understand having to sacrifice their jobs to a foreign plant.”
Chrysler has filed bankruptcy as part of a reorganization that will include a partnership with European automaker Fiat, along with taxpayer-financed backing from the U.S. government.
Chrysler’s restructuring plan gives priority to a plant in Saltillo, Mexico, over the Kenosha engine plant, Doyle wrote.
“We recognize that Chrysler must make difficult decisions, but these decisions must be balanced and fair,” he stated in the letter.
Given the role that the U.S. government and taxpayers are playing in supporting Chrysler, the auto manufacturer should prioritize its U.S. plants over any foreign factories, according to the letter, which is co-signed by Kenosha County Executive Jim Kreuser and Kenosha Mayor Keith Bosman.
Auburn Hills, Mich.-based Chrysler should amend its bankruptcy plan to include Kenosha as a manufacturing site for the Phoenix/Pentastar engine, Doyle wrote.
The letter said that state officials have had several meetings with Chrysler management and have put together a “very competitive incentive package” to keep work in Kenosha.
Tom Ford
NO. 629
posted by Crestwood Independent at 17:24
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