the Online NewsHour
E-mail This Page   Print This Page  
the Online NewsHour EXTRANews for Students AND Teacher Resources MAIN: ONLINE NEWSHOUR
7 - 12 grade level
SEARCH
ALL OR STUDENT VOICES LESSON PLANS VIDEO GO
Main: NewsHour ExtraU.S.WorldScienceEconomicsHealthArts and MediaStudent VoicesTeacher Center
Posted on December 4, 2008

Ford CEO Makes His Case

The heads of America's three largest car makers - General Motors, Ford and Chrysler
- are in Washington, D.C., to ask the federal government for billions of
dollars in loans.

They told Congress in November that without help they couldn't survive the current slowdown in the American economy, known as a recession. But they got a cold reception, in part because they each took a private corporate jet to Washington. This time around they drove, and carpooled, and are hoping for more success convincing Congress that their companies are vital to the U.S. economy.

One of those CEOs, Ford's Alan Mulally, spoke with the NewsHour's Gwen Ifill about the harm that would be caused by any of the "big three" going bankrupt and Ford's plan to improve its cars and the company.

"Ford has a very, very clear, focused plan to focus on Ford, to bring out a full product line, small, medium, large cars, utilities and trucks, and absolutely be the industry leader in quality, fuel efficiency, safety, and affordability." - Alan Mulally, Ford CEO

"If one of the manufacturers would go into bankruptcy and fail, we think that would cause a chain reaction with the suppliers and also come back and affect Ford, which is one reason we're here." - Alan Mulally

"AIG or Bear Sterns or Citigroup, nobody asked them for anything. No oversight, no anything. Look, here's the plan. You want the plan? Here it is: Oversight? Bring it on. U.S. government gets equity in the companies? You got it. No dividends? There it is." - Roger Gettelfinger, president of United Auto Workers

1. Name some car companies. Which ones are American car companies?

2. What is your impression of American-made cars? Why do you have
that impression?

1. Why do you think Congress was dissatisfied with the CEOs the first
time they came to Washington? Why was the corporate jet travel a
problem?

2. Do you think automakers should get big loans from the government?
Is it the government's job to make sure big companies don't fail?

3. Why do you think other car makers, like Toyota, are doing so much
better than American car companies?

4. What was your impression of Ford CEO Mulally? Would you loan him
money based on his arguments?

Comments

Post a Comment:

This is a teacher community that thrives on your thoughts, suggestions and comments. We would love to have a free ranging discussion in this space about the resources and how we can all encourage young people to think about current events and the world around them.

So, dive in. Tell other teachers what you like about this video, what you wish was different and what you hope to accomplish.

Especially helpful? Come back after using the video and let us know how it worked!

To ensure a productive and civil discourse, we pre-moderate comments, so it might take a little time for your comment to appear.

Thanks for waiting.

Name: (required, pseudonym ok)
E-mail address: (required, will not be published)
Comment:
 

 
Welcome
Video Packages
Compiled from over 30 years of NewsHour archives, video packages provide historical context to topical issues.
Black Monday

NewsHour Coverage of Financial Turmoil

A selection of NewsHour coverage of past turmoil in financial markets.

Oil

Oil Prices: a Brief History

Four decades of NewsHour coverage on the price of oil.

NewsHour Coverage of Immigration Issues

As an increasing number of people enter the U.S. illegally, the United States has struggled to address the immigration issue.

Bridge

Examining the State of U.S. Infrastructure

Ray Suarez examines the state of bridges, ports, airports and roads across the U.S. in Blueprint America, a collaboration with WNET New York.

More resources: Blueprint America

Hurricane photo

A Look Back: Hurricane Katrina

NewsHour reports from the days immediately following the hurricane, detailing the storm\'s damage, broken levees, evacuations and the relief efforts.

Mao watch

NewsHour Coverage of Modern China

This video package focuses on modern Chinese history and how some of the biggest developments from the country have influenced the world.

Mars lander

NASA Celebrates Fifty Years

NASA was established on July 29, 1958. Watch recent NewsHour interviews with NASA scientists and reports on NASA research.

Radovan Karadzic

NewsHour Coverage of Radovan Karadzic

A collection of NewsHour coverage of former Bosnian Serb leader Radovan Karadzic, who was captured in July 2008 on war crimes charges.

Benazir Bhutto

NewsHour Interviews with Pakistani Leader Benazir Bhutto

A series of interviews with assassinated Pakistani politician Benazir Bhutto, the first woman elected to lead a Muslim country.

 
FRIDAY
A Timely Drop in Gas Prices for Memorial Day Trips
News Wrap: SpaceX 'Dragon' Reaches Space Station
Partial Vote Count in Egypt Reveals Public Rift
What a Muslim Brotherhood Win Might Mean for U.S.
The Legacy of Etan Patz
Are U.S. Nuclear Plants Ready for a Meltdown?
Brooks, Marcus on Coming Economic 'Chaos,' Bain
When the Ancient Past Reaches Out and Touches Us
An hour-long daily news broadcast.