Jun 10 Watch After Chrysler Deal, Fiat to Face Tough U.S. Car Market Chrysler finalized the sale of its assets to Italian automaker Fiat Wednesday after the Supreme Court cleared the way for the deal. Analysts examine the future for the newly merged company. Continue watching
Jun 01 Retired Auto Workers Ask Union Chief Ron Gettelfinger Their Questions In shooting a story on the GM bankruptcy that will air tonight, we asked a group of United Auto Worker retirees to put their questions directly to UAW President Ron Gettelfinger. Here are their… Continue reading
May 29 Watch Other News: GM Closes in on Restructuring Deadline In other news, General Motors neared a deadline to submit a restructuring plan and markets rose at the close of the week on Wall Street. Continue watching
May 28 Preview: UAW Chief Ron Gettelfinger on the GM Deal Editor’s note: Paul Solman sat down today with United Auto Workers chief Ron Gettelfinger for a wide-ranging interview about the future of the GM, how the union may fare in any reorganization deal, and how Gettelfinger responds to critics who… Continue reading
May 15 Watch Auto Dealership Closings Reverberate Across Economy General Motors and Chrysler announced the closings of hundreds of dealerships in an effort to bring the companies back from the brink of bankruptcy. Analysts examine the impact of the moves. Continue watching
May 01 Is the Auto Crisis Just a Lack of Demand? Question: I don’t understand the auto industry crisis. I infer that it is because we’re in a recession, and not many people are buying cars. Is that all of it, or is there something more? Paul Solman: Are you talking… Continue reading
Apr 30 Chrysler to File for Bankruptcy After Talks With Lenders Fail By PBS News Hour Chrysler, the nation's third largest automaker, will file for bankruptcy after talks among the company's creditors crumbled, President Barack Obama said Thursday. Continue reading
Apr 27 GM to Slash Factory Jobs, Eliminate Pontiac Brand By PBS News Hour General Motors Corp. revealed restructuring plans Monday that include cutting 21,000 U.S. factory jobs by next year and phasing out its Pontiac brand. Continue reading
Dec 19 White House Announces $17.4 Billion Auto Rescue By PBS News Hour The Bush administration announced a rescue plan for the sinking U.S. auto industry Friday, offering $17.4 billion in loans conditioned on concessions from carmakers and a return to viability by March 31. Continue reading
Dec 18 Chrysler, Ford Announce Plans to Shutter Plants By PBS News Hour Chrysler LLC is closing all 30 North American manufacturing plants for at least a month, the company's latest cost-cutting move as the big three auto makers struggle to stay afloat while waiting for a government decision on aid to the… Continue reading