As the U.S. stock market
gives up ground as fears of a slowdown in the economic
recovery continues to spook investors, President Obama
made another trip to a Chrysler Group plant to revisit
the bailout, one of the successes of his first term in
office.This
time President Obama's visit came a little more than a
week after the Chrysler Group announced that it had paid
off its government loans in full more than six years
early.
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UAW-represented employees at Chrysler Group LLC’s Toledo
Assembly Complex (TAC), Company executives and elected
officials welcomed President Obama to the plant that
builds Jeep's Wrangler in an manufacturing project with
two supplier partners. The Wrangler has been rolling off
the line as part of a unique manufacturing arrangement
since August 2006. At the time, three supplier partners
managed and operated major parts of the vehicle
production process from neighboring facilities within
the Toledo plant footprint, including body, chassis and
paint. Chrysler Group has the responsibility for the
final trim and assembly operations of the plant and, in
the first quarter of 2011, also assumed responsibility
for the paint operations. The body and chassis assembly
are still managed by supplier partners KUKA Group and
Hyundai Mobis-owned Ohio Module Manufacturing Company (OMMC),
respectively.
When announced, the co-location project between the
three supplier partners and the Chrysler Group in Toledo was
part of a $2.1 billion total program investment.
Upon arrival at the
1.5-million-square-foot assembly plant, the President
was greeted by Sergio Marchionne, Chief Executive
Officer, Chrysler Group LLC; Vice President and
Director, UAW Chrysler Department General Holiefield;
and Director of UAW Region 2B Ken Lortz. Escorted by
Plant Manager Mauro Pino and UAW Local 12 Committeeman
Walt Schweifert, the President then toured the trim line
where the front end, instrument panel and center console
are installed in the Jeep Wrangler and talked with
employees. The President was introduced by Toledo
Assembly Complex employee Jill Opial, 37, who has worked
at the plant for 17 years. Opial thanked the President
for having faith in auto workers and for giving Chrysler
the opportunity to reorganize. Following his remarks,
the President shook hands with employees as they
departed the Chrysler Group paint shop.