Former General Motors President North America Mark Reuss unveils the 2014 Corvette Stingray at a special event Sunday, January 13, 2013 in Detroit, Michigan. The new Corvette is the most powerful standard model ever, with an estimated 450 horsepower (335 kW) and 450 lb.-ft. of torque (610 Nm). It will accelerate from 0-60 in less than four seconds. It’s expected to be the most fuel-efficient Corvette, exceeding the EPA-estimated 26 mpg of the current model. (Photo by John F. Martin for Chevrolet)
On December 10, 2013 Rep. Kaptur asked for and was granted permission to address the United States House of Representatives for one minute regarding the federal bailout of General Motors.
“Mr. Speaker, critics said it couldn’t be done. They said the Federal Government “refinancing” of the American automobile industry couldn’t work. Thankfully, for the economy of our country, they were wrong, wrong to denounce President Obama for his courageous decision to save America’s auto sector. Yesterday, Treasury announced it was selling its last stake in General Motors, the same General Motors that critics derisively called “Government Motors.”
“Now the verdict is in: the automotive rescue was a huge success. Led by House Democrats, 237 out of 435 Members of this House voted to save America’s auto industry. The President and Democrats made a bet on the auto communities, and it paid off with dividends”, she said.
“Today, the auto sector supports one in 17 private sector jobs in this country and one in eight jobs in Ohio. The workers at the Toledo Transmission Plant and the Parma Metal Center thank President Obama and the Members of Congress who were willing to take the heat and do the right thing. The U.S. auto industry is back thanks to the President’s leadership and those 237 Members of this House. Onward, USA”, said Rep. Kaptur (source: Congressional Record http://thomas.loc.gov).
See video: GM Posts Record Profits http://www.youtube.com/watch?v=uRSPv8gYoWs and http://www.youtube.com/watch?v=m3fiAI8bv8U
See related video: 2014 Corvette Stingray http://www.youtube.com/watch?v=2NjYGtxClsM
See video: 2014 Cadillac CTS http://www.youtube.com/watch?v=A1zAp00PMLk