Obama: Automakers Need to Do More

CBS News

The president says GM, Chrysler and all those with a stake in their survival need to take more steps toward restructuring to receive more aid.

Tells CBS’ “Face the Nation”: “They’re not there yet.” Watch video above. Read transcript here.

Comes as Obama is set to announce his plans to provide more money in exchange for tough concessions.

Related Topics: News, The Page

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