Wednesday, October 12, 2011

Deal

Remember that time when even the most optimistic of people thought we would lose Chrysler? I do, because I was one of them.

Look how wrong you can be.

"This tentative agreement builds on the momentum of job creation and our efforts to rebuild America by adding 2,100 new jobs by the end of the agreement in 2015 to communities left in turmoil in the wake of the country's economic collapse," said UAW President King, adding that it — along with the deals his union already negotiated with General Motors Co. and Ford Motor Co. — will bring more than 20,000 new jobs to America.New Lease "Together with the jobs created in suppliers and other businesses supported by auto manufacturing, a total of 180,000 jobs will be added to the country's battered economy. Through collective bargaining and working together with the domestic automakers, we have shown that cooperation and collective bargaining work."

The UAW said Chrysler would invest $4.5 billion in its U.S. factories to produce new models, refreshed vehicles and components by 2015. The automaker confirmed that it has reached a tentative agreement with the union, but would not comment on the details.

Three for three for Bob King. Knowing Sergio, the terms of the Chrysler contract probably won't be as generous as those at GM and Ford, but the fact that they are adding jobs and investment as sales are booming is quite a testament to the wise decision by the Obama administration to save this company.

Cheers to all. And keep up the good work.