Well, well, well……… The lie of the year turns out to be the truth of the year and the liars are the ones who called team Romney liars.
You’ll never guess who’s opening a production plant in China……. well, okay, it isn’t a hard question to ask aware, mentally cogent people. We already knew this was in the works.
Team Romney came out with an ad during the presidential campaign …
The ad simply states nothing but truth. Obama took Chrysler to bankruptcy and demanded that it be sold to the Italians (Fiat), and they would build JEEPs in China.
Politifact, to ever be known as Politihack called this the Lie of the Year for 2012. It’s strange that a leftist rag would trust business executives when it serves their purposes. Fiat execs had denied they were planning to move anything to China. It’s likely they did this because Romney probably wasn’t going to give them any US taxpayer money to send back to Italy. But, Obama likes to throw our money away, so Fiat and Politihack moved to help tank the Romney campaign. And later did a little jig by naming the ad “Lie of the Year”.
But, I’ve been watching and waiting, because I figured that Fiat would quietly announce a Jeep plant opening in China soon. Well, they haven’t opened, yet. But they will.
From Reuters in Milan…….
MILAN (Reuters) – Italian carmaker Fiat <FIA.MI> and its U.S. unit Chrysler are set to sign a new agreement with Guangzhou Automobile Group Co <601238.SS> to produce the Jeep vehicle for the Chinese market, Il Corriere della Sera said on Sunday.
In an unsourced article, the Corriere said the head of Fiat and Chrysler Sergio Marchionne could announce the agreement at the Detroit auto show, which kicks off on Monday.
Under the agreement, off-road vehicles under the Jeep brand will be produced at GAC’s Canton factory, the paper said.
Fiat, which declined to comment the report, already has a joint venture with GAC.
The agreement does not envisage moving any jobs from Chrysler’s main Jeep factory in Toledo, Ohio, the Corriere said.
In October, Marchionne said Jeep production would not be moved from the United States to China.
Fiat is betting on strong demand for its Jeep not just in the United States but also in foreign markets such as Russia, India and China.
(Reporting by Stephen Jewkes; Editing by Catherine Evans)
LOL I love the verbiage…… “does not envisage” which is equal to “hasn’t ruled out”.
I reached out to the author of the “Lie of the Year” article for a reaction, and asked if they had the courage to print a retraction, but as of this posting we haven’t received a response.
I guess to win a Pulitzer, one has to be an unashamed politically motivated group intent on deceiving the American public.