Chrysler Group is making a comeback

Editorials laud Chrysler comeback
Chrysler Group is making a comeback, again, according to a column by Paul Ingrassia, deputy editor-in-chief of Reu-ters.
“People have been underes-timating (Sergio) Marchionne for years, and it has always been a bad bet,” Ingrassia wrote. The editorial also said that Marchionne, CEO of Chrysler Group and Fiat, has done “everything right” with the two companies so far.
A Detroit News editorial also gave “kudos” to Chrysler Group for its payback to the U.S. and Canadian governments six years ahead of schedule. The story said the loan repayment eliminates the stigma of being “beholden to the feds.”
A Courier-Journal editorial said Chrysler’s edgy “Imported from Detroit” tagline be the slo-gan that applies to an automo-tive industry making a come-back from the Great Recession and that Chrysler could be the “poster child” for that come-back.
“Americans should take pride that their tax dollars paid off in such a big way, and worked to benefit so many of their fellow citizens and one of the nation's signature industries,” the Couri-er-Journal said.
“In rescuing Chrysler and GM, the Obama administration spread pain among workers, dealers, managers, sharehold-ers, bondholders and the tax-payers,” Ingrassia said. “It was shared sacrifice, not entirely voluntary, but it worked.”