Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
The SpaceX mission
A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station. Slideshow
Obama says auto makers' collapse not an option
WASHINGTON |
WASHINGTON (Reuters) - U.S. President-elect Barack Obama said on Sunday that the struggling U.S. auto industry could not be allowed to collapse, but that any bailout would require a complete restructuring.
"I don't think its an option to simply allow it to collapse," Obama said in a taped interview on NBC's "Meet the Press" program.
"What we have to do is to provide them with assistance but that assistance is conditioned on them making significant adjustments. They are going to have to restructure and all of their stakeholders are going to have to restructure," Obama said.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters