Nine weeks after automakers made their first plea to Congress for emergency aid, General Motors and Chrysler submitted new restructuring strategies and requests for additional federal funds that could bring the government’s total tab to $39 billion. Continue reading
One day before General Motors and Chrysler are required to submit restructuring plans to Congress, it was widely reported that President Barack Obama has decided to scrap plans to appoint a “car czar” who would oversee the automakers’ restructuring. Continue reading
Eleanor Josaitis co-founded the Detroit program Focus: Hope more than three decades ago to provide job training and other opportunities to the city’s residents. With the U.S. mired in a recession and the auto industry future uncertain, her group is reinventing itself. Continue reading
At the annual Detroit auto show, car enthusiasts were not letting the frigid weather or drab economic climate deter them. Fred de Sam Lazaro gives an update from Detroit on the state of the auto industry and its efforts to pull itself out of the slump. Continue reading
President Bush has unveiled a $17 billion automaker rescue plan that will force the companies to restructure in order to remain competitive. A White House economist and a congressman debate the package. Continue reading
Executives of Detroit’s Big Three auto companies appeared before the Senate Banking Committee Thursday to renew their much-debated request for billions in federal aid. Judy Woodruff reports on the hearing. Continue reading
By the week’s end, lawmakers will review business plans submitted Tuesday by Detroit’s Big Three. Ford CEO Alan Mulally explains his auto company’s proposal to avoid bankruptcy. Continue reading
Editor’s Note: Paul Solman reports on the impact to auto workers.