Joe Biden heralded the U.S. auto industry’s recent success as the pay off on a bet made by two presidential administrations during a speech at the North American International Auto Show in Detroit.
“We bet on American ingenuity, we bet on you and we won,” Biden said. “How could we possibly walk away from the iconic industry of America?”
During the speech Biden noted that by the collective actions of the Obama Administration, automakers and their workers saved the industry that accounts for more than 4% of the company’s gross domestic product. Biden lauded the makers for their vehicles. (more…)