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Obama puts emphasis on Clean Cars

BY FRED LUCAS
SPECIAL REPORT FROM CNSNEWS.COM

cleancar_optPresident Barack Obama put strong emphasis on "clean cars" in his announcement about the new restructuring requirements for auto giants General Motors and Chrysler.

The president also announced new tax incentives to encourage Americans to buy U.S. cars and trucks, and that bankruptcy (along with new restructuring) is a possible option for the car-makers.

"I am confident that if we are each willing to do our part, then this restructuring, as painful as it will be in the short term, will mark not an end, but a new beginning for a great American industry -- an auto industry that is once more out-competing the world, a 21st century auto industry that is creating new jobs, unleashing new prosperity, and manufacturing the fuel-efficient cars and trucks that will carry us toward an energy independent future," Obama said in his announcement from the White House.

Clean Cars a major part of auto restructuring deal

 

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