Tag Archives: Chrysler

Bogus controversy over Chrysler’s Super Bowl ad

b971e000bc887103060f6a7067008117.jpgDaniel Gross with Yahoo! Finance offers a good explanation of why the controversy over Chrysler’s Super Bowl ad is bogus — especially complaints from Karl Rove and other Republican operatives.

Here’s an excerpt: “Let’s review the record. Chrysler was run into the ground by Cerberus, a private equity company controlled by Stephen Feinberg, a major contributor to Republican candidates. When push came to shove in late 2008, Feinberg, a billionaire, chose not to use his own resources or those of his fund to meet Chrysler’s vast financial obligations. So in early 2009, the Bush administration, for which Karl Rove worked, used funds from the TARP, a piece of legislation the Bush administration proposed and that was supported by Republican Congressional leaders, to help Chrysler. … “

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Strong VW sales good news for East Tennessee economy

 

a302d2ef6a6f5800030f6a706700d741.jpgVolkswagen of America Inc. today reported that 2011 sales were the best in nine years, helped by an strong increase in sales of the Chattanooga-built Passat.

Total VW sales in the Unites States last year were 324,402 units, a 26.3 percent increase from 2010 and the best since 2002, the company announced.

Passat sales soared in 2011 with 22,779 units sold, a 124 percent increase from 2010.

 

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