Posts Tagged ‘marchionne

03
Jun
11

put that in your pipe and smoke it

The Boston Globe: The head of Fiat-Chrysler said today that Republican presidential contender Mitt Romney must have been “smoking illegal material” when he argued in 2008 that the US auto industry could be resurrected without federal financial assistance.

During an interview with CNN, Sergio Marchionne, chief executive of Fiat and Chrysler, said government support was pivotal.

The comment contrasted with a 2008 op-ed column in which Romney urged the federal government not to provide an industry bailout but instead force automakers into a “managed bankruptcy.”

Marchionne told CNN: “Whoever told you that is smoking illegal material. That market had become absolutely dysfunctional in 2008 and 2009. There were attempts made by a variety of people to find strategic alliances with other car makers on a global scale and the government stepped in, as the actor of last resort. It had to do it because the consequences would have been just too large to deal with.”




@POTUS

@BarackObama

@WhiteHouse

@FLOTUS

@MichelleObama

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

RSS Obama White House.gov

  • An error has occurred; the feed is probably down. Try again later.

RSS WH Tumblr

  • An error has occurred; the feed is probably down. Try again later.

RSS Steve Benen

  • Judge slams former AG Barr's 'disingenuous' spin of Mueller probe
  • CDC director: The more who get vaccinated, the less disease we have
  • Michael Steele: Liz Cheney will be the tip of the spear that will be the GOP's undoing
  • 'On Juneteenth' author on the violence that came after slavery
  • New York Dolls, Chaka Khan, LL Cool J and more are Rock & Roll Hall of Fame nominees

Categories

Archives

Blog Stats

  • 42,992,730 hits
May 2021
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31