U.S. President Barack Obama lays out a sobering survival plan today for General Motors Corp. and Chrysler LLC, blaming the auto makers’ woes on failed leadership but offering additional government support and suggesting the companies can reinvent themselves to make the U.S. the world leader in building the cars of tomorrow. “These efforts, as essential as they are, will not make things better overnight,” Obama says in an address this morning from the White House and broadcast on C-SPAN. ...
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