In the run-up to the 2008 presidential election, then-candidate Barack Obama found himself focused on an American auto industry plunging into one of the worst downturns in its history. Among his first duties as president, Obama approved billions of dollars in loans to keep two of Detroit’s bankrupt automakers afloat.
Now, as the two-term president enters his last year in the White House, he’s heading to Detroit for what might be dubbed a victory lap, a chance to see firsthand an industry reporting record sales and, for many companies, record profits.
As the center of the trip, President Obama will make a stop at the 2016 North American International Show which opened its doors to the public last Saturday after a two-day media preview that brought the debut of about 50 new cars, trucks, crossovers and concept vehicles. Preliminary attendance suggests turnout for the show could also reach record numbers.