President Obama said Wednesday that the federal governmentâ??s $80 billion bailout of the U.S. auto industry was the â??right thing to doâ? during a speech in Michigan on Wednesday.
In late 2008, Chrysler and General Motors told America that they were in danger of folding. George W. Bush agreed to a temporary bailout, but handed the auto companies' long-term future over to his successor, President-Elect Barack Obama.
The Presidential Task Force on the Auto Industry is an ad hoc group of United States cabinet-level and other officials that was formed to deal with the financial bailout of automakers Chrysler and General Motors.
The automotive industry crisis of 2008â??2010 was a part of a global financial downturn. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry.
President Obama said Wednesday that the federal governmentâ??s $80 billion bailout of the U.S. auto industry was the â??right thing to doâ? during a speech in Michigan on Wednesday.
In late 2008, Chrysler and General Motors told America that they were in danger of folding. George W. Bush agreed to a temporary bailout, but handed the auto companies' long-term future over to his successor, President-Elect Barack Obama.
The Presidential Task Force on the Auto Industry is an ad hoc group of United States cabinet-level and other officials that was formed to deal with the financial bailout of automakers Chrysler and General Motors.
The automotive industry crisis of 2008â??2010 was a part of a global financial downturn. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry.
