The Obama auto loans saved GM and Chrysler from a complete liquidation of assets, that much is clear, but that investment in the American auto industry is now paying dividends:
jsonline: Chrysler will add 1,250 jobs at two Detroit factories next year — another sign the once struggling automaker appears to be making a comeback. The Jefferson North Assembly Plant will get 1,100 new workers and a third shift to help build a Jeep Grand Cherokee diesel model for North America. Another 150 workers will be added when Chrysler reopens the Conner Avenue factory to make a Street Racing Team version of the Dodge Viper muscle car. Chrysler has been using gritty images of Detroit in advertising that highlights its resurgence from a 2009 trip through bankruptcy protection.
Each of the 1,250 new jobs will be filled by new hires.
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