Auto Industry

Obama's Full Speech In Wayne Michigan On Auto Industry Recovery

Obama's Full Speech In Wayne Michigan On Auto Industry Recovery
Obama's Full Speech In Wayne Michigan On Auto Industry Recovery
President Obama delivers remarks on the resurgence of America's auto industry in Wayne, Michigan, January 7, 2015.
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You Are Better Off Now Than Four Years Ago Because American Auto Makers Are Innovating


Four years ago, the American auto industry was struggling.  After a decade of focusing on trucks and SUVs, the Big Three—Ford, General Motors and Chrysler—were unprepared for the effect of higher energy prices and the economic crisis on consumer demand. Throughout the early 2000s, the Big Three produced big inefficient vehicles. But with high gas prices and smaller spending budgets, consum...
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President Obama (D): 'I bet on American workers'

President Obama, today, in Dayton, Ohio:
Voice: Obama, we love you!
President Obama (D): ....You know, last night, Governor Romney looked you right in the eye, looked me in the eye, tried to pretend that he never said, let Detroit go bankrupt. Tried to pretend that he meant the same thing I did when we intervened and worked to make sure that management and workers got together to save the U.S. auto industry, pretended like somehow I had taken his advice. [laughter] The people don't forget. The people of Dayton don't forget. [voices: "No!"] ...
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Auto Sales Highest in Over 4 Years... Even Higher Than During 'Cash for Clunkers'

New car sales are rising. In September 2012, auto sales were at their highest level since February 2008, including August 2009 when the government’s “Cash for Clunkers” program caused a temporary spike in sales.
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