Auto Industry

Belvidere, Illinois. On March 25, 2012 CBS 60 Minuets aired their headline report called “Resurrecting Chrysler” (PDF copy of the report) – a “status” of the Chrysler bailout. The report touted the “success” of Chrysler, how the company allegedly ‘paid back their $6 Billion bailout loan eight years ahead of schedule,’ and how Fiat (a foreign auto company based in Italy) ‘helped take Chrysler off the government’s hands in exchange for a 20% stake in the “American” auto company.’ We took a look at a few other parts in the 60 Minuets report and have challenged the data here. Read More…