As our autoworkers and auto communities pass through these difficult times, we, as a nation, must do our part.

WHITEHOUSE: President Obama: The Beginning of a New GM

Kerkorian regards Ford stock as undervalued, and he may in fact buy more of it, Healy said, hedging that the American auto industry will pass through the current economic situation and that Ford will survive it in some capacity.

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The actions we've taken to stabilize our financial system, to repair our credit markets, restructure our auto industry, and pass a recovery package have all been steps of necessity, not choice.

WHITEHOUSE: President Obama Nominates Ben Bernanke for Chairman of the Federal Reserve | The White House

"We are now actively calling on Congress to pass legislation next week that will amend the loan program and help accelerate much-needed funds to auto companies that can show long-term viability, " says White House spokeswoman Elizabeth Chervenak.

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