Obama touts success of European-owned Chrysler

But doesn't mention Italy's Fiat has controlling stake

By WND News Services
Published July 31, 2012 at 4:40pm

(FREE BEACON) — President Barack Obama is championing the profits of a European-owned carmaker as proof the auto bailout worked.

“Chrysler continued its comeback last quarter by posting $436 million in profits,” Team Obama tweeted out with the hashtag, ‪#MadeInAmerica, on Monday.

The campaign did not mention that Fiat, an Italian car company, bought a controlling stake in Chrysler from the U.S. Treasury in 2011.

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