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The American auto industry—four years later

When President Obama took office, the American auto industry faced collapse and millions of jobs were on the line. Despite Mitt Romney’s calls to “let Detroit go bankrupt,” the President made the decision to rescue General Motors and Chrysler, saving more than a million jobs up and down the supply chain. Now, these American companies are making a steady comeback—they’ve repaid their outstanding loans, posted record profits, and added thousands of jobs, regaining their place as leaders in the industry.

Four years after the auto rescue, here’s a snapshot of where GM, Chrysler, and Ford Motor Company stand today:

In fact, 2011 marked “the first time in years that Chrysler, Ford, and GM have all been profitable at the same time.

Take a look at why President Obama’s decision was so vital to American autoworkers like Brian Slagle and learn more about what it has meant for our economy.