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Auto Industry Highlighted In Weekly Address To The Nation

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President Obama Speaks At The University Of Michigan

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DETROIT (WWJ ) – President Obama discussed the state of the U.S. auto industry in his weekly address.

The President says the government bailout has been a success and kept more than one million American auto workers on the assembly line during a tough economy.

Mr. Obama says the cars they are building will be a lot more fuel-efficient in the coming years.

“All told the entire industry has added 200,000 new jobs, over the past two years. they are not just building cars again, they are building better cars. Thanks to new fuel efficiency standards that we have put in place,” said Obama.

He says that what’s happening here in Detroit won’t solve everything, but will make a difference.

He says automakers will be making cars that average 55 miles per gallon by the middle of the next decade.

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