Michigan is home to few bright economic spots these days -- with the exception of the college town of Ann Arbor. Ray Suarez reports.

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The CEO of General Motors, Frederick "Fritz" Henderson, has resigned, the automaker announced Tuesday. He has been replaced on a temporary basis by Ed Whitacre, chairman of the board of the troubled automaker.

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In other news, police killed the man suspected of shooting four police officers over the weekend, and the chief executive of General Motors was forced out Tuesday by the board of directors.

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Toyota recalled four million cars to fix or replace acceleration pedals that could get jammed. Jeffrey Brown reports.

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A flurry of economic reports lately paint a mixed picture of a U.S. economy showing new growth, despite mounting job losses. Ray Suarez speaks to experts for a snapshot of just how well the recovery is faring.

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General Motors announced Monday that it will begin repaying $6.7 billion in government loans before the end of the year and could pay back the full amount as early as next year, five years ahead of schedule.

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The auto industry signaled recovery after GM reported a sales gain and Ford announced an unexpected profit. Jeffrey Brown reports.

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In other news, President Obama signed an expansion of the federal hate crimes law, and new home sales fell unexpectedly by 3.6 percent in September.

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Ray Suarez speaks with Dante Chinni of the Patchwork Nation project about tracking federal stimulus money as it is dispersed through America.

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"People will start buying cars again," former car czar Steve Rattner tells Judy Woodruff. He also discusses ousting GM's CEO and how the auto industry will evolve.

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