Obama backs consumer incentives to boost auto sales

Newswire

WASHINGTON, March 30 (Reuters) - President Barack Obama ordered tough steps on Monday to restructure General Motors Corp and Chrysler LLC but he also offered incentives and other plans to boost sales and reassure consumers. "We must also recognize that the difficulties facing this industry are due in no small part to the weakness in our economy," Obama said in announcing several steps to invigorate sales that are near 30-year lows. Detroit and top overseas manufacturers are expected to ...

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