 |
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) |
Obama cautions auto industry
Wants change, says CEOs who misuse loans should go
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)
This article is available in our archives:
Globe Subscribers
FREE for subscribers
Subscribers to the Boston Globe get unlimited access to our archives.
Not a subscriber?
Non-Subscribers
Purchase an electronic copy of the full article. Learn More
- $4.95 1 article
- $9.95 4 articles
- $25.95 Monthly
