CBS 2′s Jim Williams went to one Chicago dealership today to explain the turnaround.
Every Saturday morning we look at cars, kick some tires, take a test drive. This week, I drove out to the Detroit Auto Show.
Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.
Yes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Chevrolet is winning awards for its electric plug-in car, the Volt, but it’s signaling at the Chicago Auto Show that it is not abandoning the muscle-car crowd.
“Changing times, changing tastes–it’s a changing economy. What are you going to do?