Infographic: The Resurgence of the American Automotive Industry
12:04 PM EDT
Today, President Obama will travel to Toledo, Ohio where he will visit the Chrysler Group’s Toledo Supplier Park – an operation that employs more than 1,700 workers producing Jeep Wranglers, Jeep Liberties, and Dodge Nitros. Just two years ago, Chrysler was filing for bankruptcy, and President Obama made the tough decision to support the restructuring of the company rather than allow it to fail – which would have cost tens of thousands of American jobs.
Today, Chrysler is repaying its government loans six years ahead of schedule and posted five consecutive quarters of operating profit. Earlier this week, the National Economic Council released a new report on the resurgence of the American automotive industry. Over the past two years, the auto industry has added 113,000 jobs - the fastest pace of job growth in the auto industry since 1998.
Check out this infographic that highlights some of the key successes in the auto industry since 2009.