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Bush to meet with Big Three

Published November 14, 2006

WASHINGTON (AP) - Auto industry leaders plan to stress in a White House meeting that they are not seeking any federal bailout, but want support on health care and trade issues that affect large manufacturers.

President Bush will meet today with General Motors Corp.

Chairman and Chief Executive Rick Wagoner, Ford Chief Executive Alan Mulally and Tom LaSorda, President and Chief Executive Officer of DaimlerChrysler AG's Chrysler Group, in a gathering that has been delayed since last spring.

Auto industry leaders plan to tell Bush they do not want a bailout similar to the 1979 measure approved by Congress that helped preserve Chrysler Corp. Instead, they will discuss the spiraling costs manufacturers face on health care, the advantages Japanese automakers have because of a weak yen and their work to develop alternative fuel vehicles.

"We're not going into this meeting seeking specific relief for our industry," said GM spokesman Greg Martin. "We understand that we have to win in the marketplace but there are issues of national importance like health care and trade that affect the competitive balance."

All three automakers spend more on health care per vehicle than steel, which adds about $1,000 to the cost of a car built by the Big Three.

GM, the nation's largest private provider of health care, spent $5.3 billion on health care last year.


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