Monday, November 05, 2012

Ohio says, "If it ain't broke, don't fix it."


The sign is from Chrysler's Facebook site. Why is Chrysler doing so well, just ask their employees in Ohio to the quality of their work.
"The World Will Hear the Roar of Our Engines."
...The company said it earned $381 million in net income, (click here) up from $212 million in the same period a year ago. Revenue for the quarter was $15.5 billion, an 18 percent increase from $13.1 billion in the same period last year.
The results could be seen as the latest evidence that Chrysler’s improbable comeback from its government bailout and bankruptcy not only sustainable, but accelerating.
“We’ve changed the conversation at Chrysler Group,” said Sergio Marchionne, the chief executive of both Chrysler and its Italian parent, Fiat. “We continue to work feverishly and are pleased to see that our all-consuming aspiration for excellence is translating into results.”
Chrysler’s solid results are propping up the faltering European operations of Fiat, which was scheduled to release its third-quarter earnings on Tuesday.
Mr. Marchionne may announce new moves to cut losses at Fiat, which is struggling to cope with the steepest decline in sales in Europe in nearly 20 years.
But there’s no need anymore to fix Chrysler, which has repaid its debt to the American taxpayers and totally revamped its product lineup since emerging from bankruptcy 2009....