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Obama cautions auto industry

Wants change, says CEOs who misuse loans should go

President-elect Barack Obama answered questions on the economy yesterday in Chicago after introducing retired Army general Eric K. Shinseki as his choice for secretary of veterans affairs. President-elect Barack Obama answered questions on the economy yesterday in Chicago after introducing retired Army general Eric K. Shinseki as his choice for secretary of veterans affairs. (Ralf-Finn Hestoft/Getty Images, Pool)
By Bryan Bender
Globe Staff / December 8, 2008

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WASHINGTON - President-elect Barack Obama said yesterday that top executives at the nation's three automakers should be replaced if they don't use pending government loans to make major changes - including taking immediate steps to produce energy-efficient vehicles - in a clear signal that he expects a bailout to be predicated on a wholesale restructuring of the industry. (Full article: 880 words)

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