Reuters: U.S. President Barack Obama took time out from a NATO summit in Lisbon on Saturday to tout a new hybrid electric car which General Motors plans to roll out in Europe next year.Obama found himself acting as salesman-in-chief for GM Opel’s Ampera model just days after he declared in Washington that U.S. taxpayers would get their money back for saving GM in a bailout that was broadly unpopular.*
Calling the Ampera an “example of GM technology”, Obama said: “This is the future.”
“This is a car made in America,” he said after inspecting an Ampera at the convention centre where he was wrapping up a two-day NATO summit. “We’re going to start selling it in Europe.”
GM last week was refloated as a public company amid heavy investor demand, and the White House sought to take credit for what it saw as a successful turnaround.
Public anger over the bailout, along with rescue packages for Wall Street banks, contributed to heavy losses for Obama’s Democrats in the Nov. 2 congressional election.*
But the stock sale capped GM’s recovery from near-collapse, thanks to a $50 billion government rescue.*