CHICAGO (AP) — President Barack Obama declared Thursday that the U.S. auto industry is not just rebounding from its problems but on its way to being No. 1 in the world again.
From Time.com: One of the women who took Barack Obama on a tour of the Jeep Grand Cherokee assembly line Friday wore a t-shirt with the president’s image that read “Our Dreams Do Come True.” A few miles away, at the Hamtramck General Motors plant, workers brought in red-white-and-blue pom poms to celebrate his arrival. […]
Forty-four Detroit schools and one administrative building will close in June under a $1 billion plan unveiled Wednesday by the city school district’s emergency financial manager. The district has been beset with falling enrollment as well as aging buildings, emergency financial manager Robert Bobb said Wednesday. The plan will allow the district to cut operating […]
Detroit automakers got public reassurance Monday from President George W. Bush that short-term government help for the industry is in the works and could come soon.
Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse.
The chairman of the House Financial Services Committee says the new bleak unemployment figures makes helping the nation’s beleaguered auto industry even more urgent.
