Obama hopes for 'leaner, meaner' GM and Chrysler
President Barack Obama says he hopes both GM and Chrysler emerge from their restructuring as ``leaner, meaner'' companies that are more competitive.
By Agencies |
WASHINGTON: President Barack Obama says he hopes both GM and Chrysler emerge from their restructuring as ``leaner, meaner'' companies that are more competitive.
He says their goal should be to have product lines that appeal to consumers - and that means fuel-efficient and high-performance vehicles that Americans are hungry for.
Obama tells C-SPAN in an interview airing Saturday that US automakers will have a substantial market available to them if they make good decisions now. The president thinks GM and Chrysler can do that - and end up profitable and thriving.
He says allowing GM or Chrysler to just liquidate would have dragged the United States deeper into recession - or even a depression.
He says their goal should be to have product lines that appeal to consumers - and that means fuel-efficient and high-performance vehicles that Americans are hungry for.
Obama tells C-SPAN in an interview airing Saturday that US automakers will have a substantial market available to them if they make good decisions now. The president thinks GM and Chrysler can do that - and end up profitable and thriving.
He says allowing GM or Chrysler to just liquidate would have dragged the United States deeper into recession - or even a depression.
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