Feb 26 Seeking More Aid, GM Posts Massive 2008 Losses By PBS News Hour General Motors Corp. announced Thursday that it lost nearly $31 billion in 2008, saying its auditors were likely to cast doubt on its viability as it seeks more federal aid to stay afloat. Continue reading
Jan 19 Watch Auto Industry Shows Small Signs of Recovery at Annual Detroit Show 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… Continue watching
Dec 22 Toyota Projects First Operating Loss in 71 Years By PBS News Hour Toyota Motor Corp., the world's second largest automaker, predicted its first operating loss in 71 years, based on shrinking demand for vehicles and a surging yen. Continue reading
Dec 19 Watch Shields and Brooks Examine Auto Plan, Blagojevich Case, Kennedy’s Senate Bid This week, the White House announced an aid package to keep the Big Three afloat, and Gov. Rod Blagojevich denied accusations of plotting to sell President-elect Obama's senate seat. Mark Shields and David Brooks offer their analysis. Continue watching
Dec 19 Watch Rescue Plan Would Force Auto Companies to Restructure 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 watching
Dec 18 Watch Automakers Idle Plants While Awaiting Federal Action Faced with historically slow sales, the big three auto companies have made more cost-cutting moves, including temporarily shuttering plants, in an attempt to stay afloat while the government debates an auto industry aid package. A reporter in Detroit provides an… Continue watching
Dec 12 Watch Shields and Brooks Mull Auto Rescue, Blagojevich Scandal Political news took a dramatic turn this week with the corruption charges levied against Illinois Gov. Rod Blagojevich. Mark Shields and David Brooks mull the Blagojevich story and the debate over aid for automakers. Continue watching
Dec 11 GOP Could Put Brakes on Auto Rescue Bill By Admin, PBS News Hour As a compromise deal between Democrats and the White House to extend $14 billion in emergency loans to struggling U.S. automakers moves forward, it faces strong opposition by some GOP lawmakers. Continue reading
Dec 04 Auto Execs Renew Case for Government Aid By PBS News Hour Leaders of Detroit's Big Three automakers returned to Capitol Hill Thursday to renew their case for an expanded $34 billion rescue package, but heard fresh skepticism from lawmakers on their plea. Continue reading
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