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>President Obama’s Weekly Address 6/4/11: Growing Manufacturing with the Auto Industry Turnaround

>WASHINGTON – Speaking to the American people from a Chrysler plant in Toledo, Ohio, President Obama commended the work of America’s dedicated autoworkers, who have helped reinvigorate the domestic auto industry. Each of The Big Three automakers is now turning a profit, and the domestic auto industry continues to add shifts and create new jobs across the country. When President Obama decided to lend a hand to the American automotive industry shortly after taking office, it was with the understanding that these great manufacturers would have to restructure, modernize and position themselves to thrive in a competitive global marketplace. Now, just a few years after the American auto industry teetered on the brink of collapse, America’s great manufacturers of yesterday have emerged as some of the great manufacturers of today.

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Filed under Auto Industry, auto industry bailout, bailout repayment, Chrysler, Ford, GM, laid off workers, Ohio, President Obama, rehiring, Toledo Ohio, weekly address