From the LA Times:
Taxpayers bailed out much of the U.S. auto industry. Now the carmakers might be what saves the nation's economy from falling back into recession.
After a massive restructuring and several high-profile bankruptcies, a leaner, more aggressive auto industry is making a comeback, hiring workers and ramping up manufacturing plants. From a trough two years ago, Ford Motor Co., General Motors Co., Chrysler Group and other auto companies have added almost 90,000 manufacturing jobs, a 14% increase, according to federal employment data.
And in case you missed it, What IS Working brought us the story this week about Toyota and Ford collaborating to build hybrid trucks in order to meet the administrations new fuel efficiency requirements.
Steve Benen reminds us:
Two years ago, NBC News established a tough benchmark: “As the GM bailout goes, so goes the Obama presidency.”
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