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Bailout Boosts Obama (11/7/12)

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  1. Lincoln3:39, 4:19
  2. auto shows4:11
  3. General Motors0:37
  4. Mitt Romney's1:22
  5. Barack Obama0:25
  6. New Jersey2:51, 3:11
  7. new car2:40
  8. GM0:44
  9. Jim Farley4:17

Wed, 7 Nov 2012|

GM, Chrysler rescues help deliver Ohio; cost of Hyundai-Kia MPG payback; 300 Fisker Karmas lost; Lincoln marketing push.

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Automatically Generated Transcript (may not be 100% accurate)

-- good Wednesday to you I'm Jennifer song. Link is a big -- punished more on that later on but first here's what's making news. I have -- US auto bailout in the battleground states of Ohio. How to sweep president Barack Obama victory yesterday. As Bloomberg reports that states together with Michigan which also direct support to Obama. Has about 65%. Of General Motors and Chrysler factories. President George W. Bush a Republican. Do GM and Chrysler emergency loans in late 2008. To keep them alive long enough for Obama a Democrat. To complete an 85 billion dollar rescue plan. The plan included than many bankruptcies of both carmakers. Speaking to supporters in Chicago. Obama need a brief reference to that six cents. I've -- bailouts. -- drive. In the boys -- volunteers going door to door because her brother was finally tired when the local auto plant added another shift. The president also saluting Republican challenger Mitt Romney's father George. Who were grand American motors. A company absorbed by Chrysler in 1980 setting. From George. Told -- to their son meant. Romney family have chosen to give back to America through public service. And -- -- like a tree that we honor and applaud tonight. Later on hour afternoon show and what happens from here. And how neighboring new emphasis -- electric cars -- -- -- and auto safety. Could figure in the president's second term. And -- stand to lose about 100 million dollars. Because of their planned to reimburse US owners whose vehicles came with exaggerated fuel economy claims. That projection. From Moody's Investors Service. That companies are sending debit cards to customers to compensate and for the lower fuel economy. A quick update now on the aftermath of super -- candy. Many dealerships along the battered US eastern seaboard are come back online. Some with limited operations. Close to 100%. At new Jersey's new car dealerships. -- backup an open Monday. But about 30% of them were operating without electricity. That's according to gen apple -- president of the New Jersey coalition. Of automotive retailers. And it just your automotive says it lost more than thirty million dollars worth of luxury cars. When he shipment of karma plug in hybrid with -- during the storm. More than 300 karma that were destroyed at a New Jersey port. He spokesman said that cars were among more than 101000 vehicles damaged at important New York during the storm. Among them sixteen karma is that burned after a one car caught on fire when seawater coffee short circuit. Appleton says the other affected auto makers include Toyota which lost 4500. Cars at the port. For lunch rebrand Lincoln is launching. And with it a bit marketing punish. Then head of global marketing sales and service for a link in Matt van -- said the campaign will also be about the reinvention a blame game. That he -- free press says there'll be a full 100 day air advertising tapper with -- TV in social media. In addition new brochures. Sales materials web site and displayed -- you -- an auto shows. Van dike along with Ford executives including Jim Farley and mark fields. Our meeting with Lincoln dealers in Las Vegas this week. This says dealers get ready to sell the redesigned car. Indian don't make Lincoln's newly minted at global management team led by Farley who all the role last week. That move another step for forward in stressing its commitment telling game. The luxury brands US sales were down 15%. In October. And 3% for the year. That is their time for now -- afternoon report watch auto news now let's count more back we'll see if there.

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