Chicago, Illinois (CNN) – President Obama will display his administration's high hopes for the U.S. auto industry when he visits a Ford plant in Chicago on Thursday.
Ford is the only major U.S. automaker that didn't take a government bailout. Later this year, its Chicago assembly plant will begin production of a new, fuel efficient 2011 Ford Explorer.
The company recently announced that the Chicago plant is adding 1,200 new jobs. The positions were made possible by the new Department of Energy loans aimed at helping companies retool their plants to make more fuel-efficient vehicles.
The Obama administration said Wednesday it believes the recovery of the U.S. auto industry can be sustained and has the potential to grow.
He should be laughed off the stage. Ford took no stimulus funds, didn't allow them to give the company away to the unions while sticking it to the stockholders and bondholders. How can he even show his face when the buying public supported Ford over the other two for toughing through it?
Tell them to give solid warranty on American Automobiles with good price. Look at the price, they are outrageous, and too pricey. So scared of buying US Automobile.....okay.
Get away from Ford Obummie. We don't need your slime contaminating their privately ran business. Stick with your Government ran Motors (GM).
YAWN, he's before the camera again. BY THE WAY, GM is building a new car plant in Mexico and they still have not paid back the tax payers for their bail out. Thanks nobama, your economic policies are still a miserable failure.
He has so little to talk up, he has almost no where to go, but carmakers, to try and claim "job creation", which is nothing but BS.
Ford better watch out. Since Ford is very successful and in competition with Obama's car company, Obama could be trying to get some Ford trade secrets to take back to his car company.
Glad the President is congratulating the one company that didn't require a bailout and is currently the one best poised for the future. They're on top because they're making the best cars right now.
Just because we bailed out GM doesn't mean we endorse their short-sighted business practices. It means we're giving them a second chance to follow the lead of companies like Ford. Good for the Pres.
While you are there Mr. President, ask the UAW why better cars are made by Honda and Toyota by American workers in this country for half the amount of wages and benefits.
Ford didn't take the bailout money and thats excellant managing on their behalf. When I get rich I'm getting me a Ford fuel-efficient EXplorer. PALIN POWER ACTiVATE.
The car company with class, and a great union workforce,working side by side to make America stronger and a middleclass that can afford to buy their groceries.
Why visit Ford? So you can take credit for something you didn't do again? No Government Bail-Out funds and turning a profit......hey wait do you mean the free market worked? Obama's bail out was a bail out of the unions bought and paid for by the taxpayers.
Wow... Ford took no money and is doing fine.... Kinda proves the stimulas was a waste... but we all knew that already
The ELECTRIC cars are coming and there will be some incentive for people to buy it because President Obama believes in the FUTURE and is getting the job done!!
The ones who are behind and are BLIND to President Obama's accomplishments will REMAIN behind. Hopefully one day they will wake up to a NEW CENTURY and finally blame the RepubliCAN'Ts for keeping them in the DARK AGE – worrying about "BIRTHERS", GUNS and other 'fear-mongering" tactics!!!
get out in front
no more following
the U.S. auto industry is weighted down by two much infrastructure and cannot adapt, it must lead the alternative auto movement
that is the future, all this drilling for oil and keeping old fossile auto makers alive is treading water and is a waste of time and money
more jobs will come from being the dependable solid leaders of the world auto industry than from being afraid to take chances and sticking with yesterday's technology