UAW criticized Mitt Romney for opposing the government bailout of Chrysler and GM

Article by Christian Andrei, on February 20, 2012

Republican presidential candidate Mitt Romney is being criticized by the UAW for having opposed the government bailout of Chrysler and General Motors in 2009. On a campaign for the Feb. 28 Michigan primary election, Romney has asserted that what he wanted for Chrysler and GM was a "managed" private sector bankruptcy reorganization.

Bailout experts such as former Obama auto czar Steven Rattner don’t agree with Romney's position, explaining that there was no private funding for bankruptcy reorganization at the time and that the effort would have basically resulted to the liquidation of GM and Chrysler.

In a statement, UAW President Bob King said that Romney is "misleading voters" when it comes to the bailout issue. King said that Romney is attempting to “rewrite history” as he hits President Obama and the UAW for having saved the auto industry. The UAW said that concessions have been made since 2005, foregoing pay increases, overtime pay and holidays.

They also agreed to a lowered pay and benefit structure for new hires. A November 2010 report by the Center for Automotive Research in Ann Arbor, Mich. concluded that due to this plan, over 1.4 million jobs and $96 billion in personal income nationwide were saved.

King said that the rescue loans had aided the auto industry in surviving "the darkest hour of its history." He referred to those who worked at Chrysler's Sterling Heights, Mich., assembly plant who were faced with a plant closure before Chrysler received its loans.

This plant rolls out the Chrysler 200 and Dodge Avenger intended for the U.S., as well as the Lancia Flavia, the European variant of the 200. In this UAW statement, Jeff Klayo, a member of UAW Local 1700 at the plant, described Romney's remarks to be "an attack on American workers." He said that whether the company succeeds or takes a downturn, its workers are locked to the same fate.

Topics: uaw, chrysler, gm

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

More positive news has been pouring in before the year ends. For those who have been waiting to hear the latest word on Toyota 86, we have some great news....
by - December 10, 2016
Hyundai is making the green vehicle race more competitive by offering three powertrain types -- pure electric (EV), hybrid (EV plus combustion engine) and plug-in hybrid (PHEV) – in one...
by - December 9, 2016
Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries