New polls indicate Americans warming to auto bailouts
The New York Times suggests the post-bailout success of the automakers is the most likely driver of the change in attitude, citing the return to profitability of both Chrysler and GM. That success has resulted in real job creation, with some 126,500 positions in the motor vehicle manufacturing industry added, according to the report. GM has promised to spend $2 billion on factory investments this year and next, including $385 million at its Romulus, MI, engine plant pictured above.
That the actual cost of the bailout has been revised downward by more than 80 percent, to $14 billion, has likely played a part in public perception as well.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models