Nov 19 Watch GM CEO Defends Auto Industry’s Bid for Government Aid Auto industry executives testified before Congress Wednesday, asking lawmakers to provide aid to the struggling companies and responding to criticisms of poor management. General Motors' CEO Rick Wagoner discusses the industry's crisis and his company's case for government help. Continue watching
Nov 18 Watch Struggling Automakers Press Congress for Federal Aid On Capitol Hill Tuesday, Ben Bernanke and Henry Paulson defended their economic rescue strategy and automakers made their case for federal aid. Senators detail the debate over using bailout funds to help automakers. Continue watching
Nov 12 Paulson Says Bailout Funds May Not Be Used to Buy Troubled Assets By PBS News Hour Treasury Secretary Henry Paulson announced a major shift in the government's bailout program Wednesday, saying the $700 billion rescue package will not be used to purchase troubled assets as originally planned. Continue reading
Nov 12 Democrats Press for Billions in Aid to Auto Industry By PBS News Hour Democrats continued to push for aid for struggling U.S. automakers, calling for Congress to act during its lame-duck session next week to give the industry a much-needed financial boost as it confronts weak sales and plummeting stock prices. Continue reading
Nov 06 Watch As U.S. Fiscal Woes Persist, Lawmakers Pledge More Aid The U.S. economy continued to falter as markets sank sharply Thursday for the second consecutive day. A chief investment officer and a journalist discuss congressional plans to craft a stimulus package later this month and weigh efforts by lawmakers to… Continue watching
Apr 24 Ford Posts Surprise $100M Quarterly Profit By PBS News Hour Ford Motor Co. surprised Wall Street Thursday when it announced a $100 million profit for the first quarter, marking the automaker's first profitable quarter since the spring of last year. Continue reading
Mar 13 Watch From Lending Rules to Job Woes, Economic Tumult Persists Treasury Secretary Henry Paulson called for tougher rules for mortgages lenders Thursday, while investment fund Carlyle Capitol faced collapse after defaulting on $16 billion in debt as a string of new reports this week signaled continued weakness in the U.S. Continue watching
Feb 12 Watch GM Offers Employee Buyouts After $38.7 Billion in Losses After announcing record annual losses Tuesday, General Motors said that it would offer buyouts for all 74,000 of its union employees -- allowing GM to hire lower-wage workers -- to help reduce costs. New York Times business reporter Micheline Maynard… Continue watching
Sep 26 Autoworkers Union, General Motors Reach Tentative Deal By PBS News Hour The United Auto Workers union ended its two-day strike on General Motors early Wednesday with a tentative deal that includes a health care plan funded by GM but managed by the union. Continue reading
Sep 24 Watch Autoworkers, GM Continue Talks During Strike United Auto Workers union-represented employees walked out of General Motors plants Monday in the first nationwide strike against a U.S. automaker since 1976. Two experts recount the day's events and the walkout's impact. Continue watching