Looking Forward

Posted on August 30, 2010

Vice President Joe Biden is lending the automotive industry hope.

Biden recently visited a Chrysler assembly Center, reviewing the sector of GM and talking with workers. 67% of GM was bought by the U.S. government as part of a survival bailout program for $50 billion dollars, according to an article from freep.com. Reportedly, GM already paid back $6.7 billion of this borrowed money.

During this visit, Biden only shared positive feedback. Last year, General Motors was contemplating closing its doors because of massive monetary losses. Some are skeptical that this comeback will stick – Biden states, “Don’t believe those who will say this is temporary.” GM seems to be in agreement, recently announcing their plans to return to the stock market at some point this year.

Biden shared warm words with workers on the assembly lines, taking the time to individually address them during his tour. Auto Shippers believes that great service starts with great employees, and we agree great employees all share a positive attitude, even during these hard recession times. We share Biden’s outlook, and look forward to watching the automotive industry recover and thrive as the economy heals.

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