McCain says U.S. auto industry must be saved

Newswire

WASHINGTON, Oct 31 (Reuters) - U.S. Republican presidential candidate John McCain said on Friday the struggling U.S. auto industry could not be allowed to fail, and if elected president he would do "whatever I think needs to be done" to save it. But interviewed on U.S. television network ABC's Good Morning America show, he remained cautious about proposals for a government bailout of the industry. He said the focus should be on disbursing $25 billion in low-interest loans already ...

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