Daily News - Biden welcomes recovery of US auto industry (AFP) Daily Business News
AFP/File – US Vice President Joe Biden, pictured here on March 2011, on Saturday welcomed the recovery of the US … 
WASHINGTON (AFP) – US Vice President Joseph Biden on Saturday welcomed the recovery of the US automobile industry, but pointed to disparities between rising consumer prices and worker wages.
"Even for a lot of people with jobs, their wages aren't keeping pace with prices of everything from gas to groceries to health care and college tuition," Biden said in a weekly radio address delivered for traveling President Barack Obama.
"That's why the president and I remain focused on, not just recovering from this recession," Biden pointed out. "We're focused on making sure that if you work hard, play by the rules, you'll be able to get ahead, put your kids through college, retire with dignity and security."
The remarks came after US automaker Chrysler announced it had exited six years early from a US and Canadian rescue program with the repayment of billions of dollars provided during the 2008-2009 economic crisis.
Chrysler said it had repaid $5.1 billion along with $865 million in interest and fees to the US Treasury.
It repaid another $1.7 billion in principle, interest and fees to the government-owned Export Development Canada.
Meanwhile, GM announced this past week that its Detroit Hamtramick factory will run three shifts for the first time its 26-year history.
Biden said these developments meant the auto industry was "rising again."
"Manufacturing is coming back. And our economy is recovering and it's gaining traction," he said.
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