Indiana Gov. Mitch Pence took a helicopter tour Saturday of damage in Kokomo, Tipton and Elwood.
"My preference is to create one single company, " Marchionne said last Thursday in Kokomo, Ind.
What do you think is Kokomo doing to be less reliant on the auto industry?
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
Tell us about that, about that company, why you think it could work in Kokomo.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
There were those who were prepared to give up on Kokomo and our auto industry.
We also knew that the very survival of places like Kokomo were on the line.
To bring Kokomo back, to bring the automobile industry back, we knew we had to change things.
And that's why the President in the Recovery Act made sure we helped hard-hit towns like Kokomo.
And you say that had Chrysler and Delphi closed their plants in Kokomo, it would have been devastating.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
From Indianapolis north, factory towns such as Kokomo sit amid acres of cornfields.
ECONOMIST: A state that dislikes change may contemplate it after all
Also, Kokomo, Indiana, it's a small city with big issues, nearly a quarter of the work force building cars and auto parts.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
Ask the Chrysler workers near Kokomo -- (applause) -- who were brought on to make sure the newest high-tech transmissions and fuel-efficient engines are made in America.
WHITEHOUSE: President Obama Speaks on the Resurgence of the American Auto Industry | The White House
Well, that really hits home in Kokomo, where the old manufacturing sector is shrinking, as it is everywhere where there is a manufacturing sector in this country.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
People in Kokomo are adapting, but it is a battle.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
Our first virtual town hall of the hour is in Kokomo, Indiana, population 45, 000, four Chrysler plants, Delphi electronics, manufacturing on a big scale, but in a sector, cars, that's shrinking.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
We're talking about issues raised before the break by people in Kokomo, Indiana, also tackling the related question both here and online, how much can and should the government do to create jobs?
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
And nowhere is it written that Kokomo can't be the hub of innovation in emerging industries of the 21st century -- like it was in the 20th century. (Applause.) Nowhere is that written.
You heard those people in Kokomo.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
But if Kokomo came on the radio at night when my friends and I were driving around, three or four wine coolers deep, we'd never turn the dial and might even turn up the volume because we loved to hate it.
And Kokomo, anybody in the automobile business has already known, was one of the great auto towns in America -- not only making Chrysler automobiles but Delphi, supplying parts and so many other suppliers, and all the related jobs that go with that.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
With us now is Jeb Conrad, head of the Greater Kokomo Economic Development Alliance, Chris Rohaly, founding partner of Green Alternatives, but he's also holding down a job in the auto industry, and Kirk Daniels, owner of Freedom Financial Group, a local investment firm.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
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