As we have mentioned in previous articles, the European auto industry is plagued with overcapacity issues, but the labor unions and the governments have made it enormously difficult for the auto companies to reduce capacity in order to protect jobs.
I'm not -- we think that the decision that the task force and the President made today present the very best opportunity to move these companies forward, to create and protect these jobs, to ensure that America has a strong and viable auto industry in the future.
He fought hard to protect jobs for American families, and thankfully, because of that fight, today the auto industry is back. (Applause.) New cars are rolling off the lines of proud American companies like GM.