Ford credits Obama's handling of auto industry

AP News
|
Posted: Dec 14, 2009 4:31 PM

Ford Motor Co. executive chairman Bill Ford met with President Barack Obama on Monday and endorsed the administration's handling of the struggling auto industry.

Ford credited Obama for stepping in to help General Motors and Chrysler and prevent auto suppliers from collapsing. Ford said the administration acted "swiftly and forcefully and it worked."

GM and Chrysler received billions of dollars in federal aid to go through bankruptcy. Ford Motor Co. avoided taking federal help.

Bill Ford delivered a list of recommendations to the Commerce Department developed at a Detroit business summit on ways to revitalize the economy. It includes developing national energy and manufacturing strategies and encouraging research and development.