The results of the Presidential election this month has the automotive industry cautiously optimistic that new actions may help boost sales figures that sagged greatly the previous two months.
In fact, Barrack Obama’s new chief of staff mentioned the car industry specifically in an interview on the television program “Face the Nation,†calling it “an essential part of the economy.†Rahm Emanuel said the federal government should provide aid to the automobile industry to help the major automakers and their supplies survive the financial crisis, the New York Times reported.