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Obama: GM Restructuring Plan 'Full of Promise'

Jun. 1, 2009
General Motors filed for bankruptcy protection this morning in a move that President Obama said was necessary to restore the auto manufacturing giant to competitiveness and help ensure the survival of the domestic auto industry.
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GM unlikely to meet restructuring deadline

DETROIT, March 28 (UPI) -- General Motors Corp. is unlikely to meet the U.S. government's March 31 deadline for wringing concessions from workers and bondholders, analysts say.

Obama sympathetic to automakers' plight

CHICAGO, Nov. 24 (UPI) -- U.S. President-elect Barack Obama Monday said any help provided to the auto industry must be a long-term solution, "not just kicking the can down the road."
Paulson: Bailout not for auto industry

Paulson: Bailout not for auto industry

WASHINGTON, Nov. 12 (UPI) -- The bailout package is for the financial industry, not the U.S. auto industry, despite its importance to the economy, Treasury Secretary Henry Paulson said.
Obama urges Bush on auto industry rescue

Obama urges Bush on auto industry rescue

WASHINGTON, Nov. 10 (UPI) -- U.S. President-elect Barack Obama urged President George Bush Monday to support financial aid for carmakers, sources said after the two met at the White House.
Emanuel: Obama backs auto aid

Emanuel: Obama backs auto aid

WASHINGTON, Nov. 9 (UPI) -- Rep. Rahm Emanuel, D-Ill., who will be President-elect Barack Obama's White House chief of staff, said Sunday Obama favors government aid for the auto industry.

Granholm: Obama committed to auto industry

LANSING, Mich., Nov. 8 (UPI) -- Michigan Gov. Jennifer Granholm says U.S. President-elect Barack Obama is committed to the survival of the struggling U.S. auto industry.
Obama points up auto industry distress

Obama points up auto industry distress

CHICAGO, Nov. 7 (UPI) -- The financial crisis that began on Wall Street snaked into other economic sectors, such as the U.S. auto industry, President-elect Barack Obama said Friday.

Aide: Obama wants more for auto industry

DETROIT, Oct. 14 (UPI) -- The ailing U.S. auto industry would receive help from a Barack Obama administration, the Democratic candidate's top economic adviser said.

China auto sales to hit 10M units

BEIJING, June 23 (UPI) -- Chinese officials said they expect domestic auto sales, spurred by a strong economy, to reach 10 million units this year, up 15 percent from last year.

Fewer dealers could aid U.S. auto industry

LAS VEGAS, Feb. 3 (UPI) -- A top U.S. auto industry analyst has called for the closure of two-thirds of the nation's dealerships selling Detroit-made cars.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler