Presidential Remarks on the U.S. Automotive Industry

President Obama spoke about the state of the U.S. automobile industry and announced limited additional federal assistance for troubled… read more

President Obama spoke about the state of the U.S. automobile industry and announced limited additional federal assistance for troubled manufacturers. He also outlined further requirements for reorganization and restructuring by auto companies in order to receive federal aid. Noting that stakeholders had not done enough to relieve the companies of ongoing financial burdens, President Obama said that General Motors and Chrysler would be given an additional 60 days to present a viable business plan but may eventually face a structured bankruptcy. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Presidential Remarks on the U.S. Automotive Industry

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Program ID:
284971-2
Category:
White House Event
Format:
Speech
Location:
Grand Foyer, White House, Washington, District of Columbia, United States
First Aired:
Mar 30, 2009
Last Aired:
Mar 31, 2009

Airing Details

  • Mar 30, 2009 | 11:06am EDT | C-SPAN 1
  • Mar 30, 2009 | 4:43pm EDT | C-SPAN 1
  • Mar 30, 2009 | 7:00pm EDT | C-SPAN 3
  • Mar 30, 2009 | 10:59pm EDT | C-SPAN 1
  • Mar 31, 2009 | 3:46am EDT | C-SPAN 1
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