May 07 GM Reports Heavy Losses in the First Quarter By Admin, PBS News Hour General Motors Corp., which faces a June 1 government deadline to finish a restructuring plan or go into bankruptcy protection, said Thursday it lost $6 billion and its revenue was cut nearly in half in the first quarter. Continue reading
May 04 Watch As U.S. Automakers Struggle, Fiat Seizes Expansion Opportunities With designs for global expansion, Italian automaker Fiat plans to acquire part of the restructured Chrysler company and is moving to take over GM's European unit. A Business Week reporter explains Fiat's plan. Continue watching
May 01 Watch Brewing Court Battle, Specter’s Switch Top Week’s News Columnists Mark Shields and David Brooks mull the implications of Supreme Court Justice David Souter's retirement and Sen. Arlen Specter's decision to join the Democratic Party. Continue watching
May 01 Watch Other News: Chrysler Bankruptcy Hearings Begin On other news, the Chrysler company's bankruptcy hearings got underway in New York City, and two U.S. marines and one sailor were killed in Iraq on Thursday. Continue watching
Apr 30 Watch After Filing For Bankruptcy, Chrysler Faces Tough Road Ahead Chrysler filed for federal bankruptcy protection Thursday and announced a new partnership with Italian automaker Fiat as part of a larger restructuring plan. Auto analysts assess the company's move and what it means for its workers. Continue watching
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 28 Watch Chrysler Deadline Nears as GM Looks to Downsize After General Motors announced plans to cut another 21,000 jobs and Chrysler reached a deal with United Auto Workers that may help the automaker avoid bankruptcy, a New York Times reporter provides an update on Detroit automakers' latest efforts to… Continue watching
Apr 27 Watch Other News: General Motors to Cut 21,000 Jobs In other news, General Motors announced plans to cut another 21,000 jobs and Chrysler reached a deal with United Auto Workers that may help the automaker avoid bankruptcy. Continue watching
Apr 23 Watch GM to Idle Plants as Auto Industry Faces Tough Choices GM will close several plants for up to 10 weeks to help clear its inventory backlog. Analysts and local leaders mull the impact of the move and the industry's path forward. Continue watching
Apr 23 General Motors to Idle Plants for up to 10 Weeks By Admin, PBS News Hour General Motors said Thursday it will idle most of its U.S. plants for up to 10 weeks this summer, trimming some 190,000 vehicles from planned production. The shutdowns will help control high inventories and bring production in line with slower… Continue reading