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Doyle: New Chrysler owner won’t buy Kenosha plant

By ASSOCIATED PRESS   Thursday, July 30, 2009 - 6:12 p.m.
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MADISON, Wis. (AP) — Gov. Jim Doyle says Fiat is unlikely to exercise its option to buy the Chrysler car-engine plant in Kenosha.

Doyle on Thursday called the news disappointing but not surprising. Chrysler emerged from bankruptcy last month under a new partnership with the Italian automaker Fiat Group SpA.

Chrysler owned the plant prior to the bankruptcy. When Fiat bought Chrysler in June it preserved the option of also buying the Kenosha engine factory by July 31.

Without the purchase, the facility remains on schedule to close October 2010, ending 800 jobs. Doyle says Fiat has committed to keeping the Kenosha plant in mind for future manufacturing opportunities.




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(14)
Unidentified
Jul 31, 2009 at 8:17 a.m.
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The union has nothing to do with this. Most Chrysler plants operate under a union. I'm starting to wonder if WI is the problem here. WI is getting the shaft through this whole economic recovery process. All those "Stimulus" jobs are going to other states. If you look at the stimulus jobs by state, WI ranks as one of the fewest jobs available. Last I looked, there were only 89 jobs. Some states have as high as 1200.

jeremy1123
Jul 31, 2009 at 7:14 a.m.
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Has this economy bottomed out YET?When will the job creation start?When will the middle class be able to upgrade their housing and afford it?Will there even be a middle class after this is over? The middle class IS manufacturing.Can Doyle ever save face?Why is it that politicians stop caring about the people that put them in office after their first term and run the state, country, economy into the ground? WHY?

guzler12oz
Jul 31, 2009 at 1:34 a.m.
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I know who I'm voting for next election..... whoever runs against Doyle! Join the party!

SarahB1
Jul 30, 2009 at 11:46 p.m.
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Unfortunately, they all seem to prefer looking overseas.

RetiredAirForce
Jul 30, 2009 at 11:19 p.m.
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“Greed is good, right?”
-
Close, profits are good. Profits provide the economic engine for expansion and job creation. A profitable company entices investors; without profits there are no investors or stock holders. Doyle with the help of the Wisconsin law makers has made profit less likely in our state…the direct result is more companies and investors will look else ware.

ekim8404
Jul 30, 2009 at 10:12 p.m.
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What does Doyle have to do with Fiat not buying the plant? It's just one more example of an American company that ran out of fresh ideas and was weighed down with massive costs. Sound familiar?

And because no American investors could be found we needed to turn to foreign investment. That's reality in a global capitalistic economy, but that's what we want right? Greed is good, right?

woodsman
Jul 30, 2009 at 10:03 p.m.
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Everything this jerk touches he poisons! AND!!

kb0740
Jul 30, 2009 at 7:58 p.m.
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HA. Like any business will consider moving to Wisconsin with Jimmy Doyle taxing them out of business? Never going to happen. By the time he is finished we'll all be luck to have a paper route.

RetiredAirForce
Jul 30, 2009 at 7:56 p.m.
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I am sure Doyle can use it for his toy train project.

Lost_city
Jul 30, 2009 at 6:55 p.m.
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Would they be interested in a GM plant?

SarahB1
Jul 30, 2009 at 6:49 p.m.
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Darn! This is disappointing news. That's a hefty number of jobs to lose and, hopefully, replace.

dot
Jul 30, 2009 at 6:33 p.m.
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Nobody in their right mind would start up a factory that area today. The union rules are so insane. Technicians coming into a factory to service equipment have told me stories of getting yelled at because they picked up a broom to clean up after themselves because that's a union job, or having to wait 45 minutes for a union person to plug in a computer. Ridiculous!

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