Obama Says U.S. Auto Industry ‘Again on the Rise’
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President Barack Obama said General Motors Co.’s return to the stock market shows the U.S. auto industry is on the rise and will result in taxpayers getting their money back from a government bailout.
“Today, one of the toughest tales of the recession took another big step towards becoming a success story,” Obama said at the White House after GM raised more than $20 billion from investors.