Aug. 19, 2010 - Obama defends bailout success of the industry during a visit to Ford plant.

Washington, Aug 5 .- U.S. President Barack Obama, returned to dnd today the automobile sector rescue the country and the delivery of more than 60,000 million dollars to General Motors (GM) and Chrysler during a visit to a Ford factory .

Addressing some 1,700 workers of the Ford Assembly Plant in Chicago, Obama said that, if rebuilt with sacrifice, "in the short term, darkfall gold, (it) will be a new beginning for a great American industry."

"If we can get a sense of common purpose, we again see the best cars in the world designed and built right here in Chicago in the Midwest, right here in America," he added Obama.

The U.S. president also took the opportunity to remember that many of his, fallen earth chips, critics opposed the bailout of GM and Chrysler, although the two companies approached the gap closing in 2009, but now the industry is adding jobs and generating profits.

This is the third visit in a week that Obama made to factories of the three major U.S. automakers to dnd the federal intervention in the sector, after last week, darkfall gold, that Obama visited the assembly plants of GM and Chrysler in Detroit.

In this sense, the choice of the Ford Assembly Plant in Chicago to end their tour one year after the bailout of GM and Chrysler is no coincidence.

The plant, which was created in 1924, will produce in the coming months as the new 2011 Ford Explorer, an SUV that Ford is presented as one of the greenest in the sector through the use of recycled materials for its production and its consumption reduced.

"This plant has an extraordinary story. Henry Ford (founder of Ford) built it in 1924 to produce the Model T.

At the time of the Great Depression, and Ford closed 25 plants, it remained open. When World War II, the plant spat armored vehicles, "said Obama.

"So this plant is part of U.S. history.

For almost nine decades, this plant has been the backbone of this community, "he added.

The Explorer will allow production of the factory (which also are mounted Police Interceptor Ford Taurus and Lincoln MKS so as) to receive an investment of 400 million dollars to increase 1,200 jobs.

Today, Ford said the production of the Explorer 2011 in Chicago will also create 600 new jobs among suppliers and over 100 companies in 23 states of the country will produce parts for the ATV.

In parallel, the Export-Import Bank of the United States announced today to provide a loan guarantee to Ford, worth 250 million dollars to promote the exportation of Explorer 2011 and other models produced in the country to Mexico and Canada .

Ford wants to use the loan to ensure the export of 200,000 vehicles (of the Ford Explorer, F-150, Focus, Escape, Expedition, Taurus as well as the Lincoln MKS and Navigator) to these two countries, an operation that has a value of about 3,100 million dollars.

"This transaction provides support for thousands of export-related jobs and higher wages to higher export goods and services to international buyers," he tolda statement the President of Export-Import Bank, Fred Hochberg.

The White House has stressed that thanks to financial support provided by the federal government from the beginning of the crisis in the car at the end of 2008, the sector has been able to generate in recent months 55 000 jobs, the first time work yields a profit since 1999.

In addition, since mid-2009 GM and Chrysler came out of bankruptcy, both producers and Ford have returned to profitability, something that did not happen for six years. JCR / mla / rt