Granholm: Obama committed to auto industry

Nov. 8, 2008 at 9:40 AM

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.

Granholm met with Obama in Chicago Friday as part of the president-elect's economic advisory team even as Michigan automakers General Motors and Ford reported stunning, larger-than-expected losses, the Detroit Free Press reported.

Granholm said she was encouraged that Obama understands the dire situation the automakers find themselves in and said much of the discussion of the advisory committee focused on ways to save the industry, which is seeking tens of billions of dollars in taxpayer-provided rescue funding.

"The bottom line is (Obama) is committed to this industry surviving and thriving," Granholm told the Free Press in Lansing, Mich. "It is a great statement of confidence in his belief in the industry and it's importance, not just to Michigan but to the rest of the country."

Obama mentioned the auto industry among his top priorities in a press conference after his meeting with his economic team, the newspaper noted.

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