National

Statement by President Obama on the American Auto Industry, December 9, 2013

Washington, DC—(ENEWSPF)—December 9, 2013.

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When I took office, the American auto industry – the heartbeat of American manufacturing – was on the verge of collapse.  Two of the Big Three – GM and Chrysler – were on the brink of failure, threatening to take suppliers, distributors and entire communities down with them.  In the midst of what was already the worst recession since the Great Depression, another one million Americans were in danger of losing…

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