In Detroit, Obama Hails Auto Industry's Comeback (The Nation)

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The Nation - The Nation -- Three years after the American auto industry was on the brink of devastation, a broad (if not total) consensus agrees that the auto bailouts worked. Not only are General Motors and Chrysler still in business, but they paid back their loans to the U.S. government ahead of schedule, added shifts at manufacturing plants, and are turning impressive profits. Together, GM and Chrysler topped U.S. auto sales last month.

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