Biden Says Administration’s Auto ‘Bet’ Has Paid Off

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Jan. 16 (Bloomberg) -- U.S. Vice President Joe Biden speaks about the U.S. government's bailout of the nation's auto industry at the North American International Auto Show in Detroit. Biden’s visit to the show follows the U.S. Treasury’s sale last month of its remaining stake in General Motors Co. The exit ended the so-called “Government Motors” era that followed the U.S. government’s $50 billion bailout and reorganization of the company. (Excerpts. Source: Bloomberg)


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