Monday, November 13, 2006

BIG THREE AUTOMAKERS TO MEET WITH PRESIDENT

On Tuesday, the CEOs of GM, Ford, and Chrysler Group will meet with President Bush, Treasury Secretary Henry Paulson, and Director of the National Economic Council Al Hubbard at the White House.

From USA Today:

White House spokesman Tony Snow said Friday that Bush plans to use the meeting to "reaffirm his support for the American auto industry." Snow said Bush also will thank them for their progress on flexible-fuel and hybrid vehicles.

The three topics that will likely dominate the meeting are health care,trade and energy. The automakers also are expected to share concerns about the yen's artificially low value, which helps Japanese firms' profits and hurts U.S. rivals.

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