May 28 Watch GM Bondholders Strike a Deal As Bankruptcy Deadline Looms As a bankruptcy deadline looms for General Motors, major bondholders agreed to a deal that offers them a 25 percent stake in the company if they drop opposition to the company's reorganization plan. A reporter explains the negotiations. Continue watching
May 27 After Bond Deal Fails, Bankruptcy Likely for GM By PBS News Hour An offer by General Motors to its bondholders to trade bond debt for company stock fell through just days before the company must submit a government-ordered restructuring plan. Continue reading
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
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 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 24 Ford's $1.4 Billion Loss in First Quarter Better Than Expected By PBS News Hour Ford Motor Co. posted a smaller-than-expected $1.4 billion loss for the first quarter on Friday, saying that it burned through less of its cash and reiterating that it still doesn't expect to ask the government for financial help. Continue reading
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
Apr 10 Can Hollywood Help Rescue Michigan? As Detroit's auto industry crumbles, leaving the state with the highest unemployment rate in the nation and substantial budget gap, state lawmakers are turning to alternative sources of revenue, notably from the film industry. Continue reading
Apr 10 Can Hollywood Help Rescue Michigan? By Admin, PBS News Hour When filming "Gran Torino" in the Detroit area, Clint Eastwood called Michigan "the next film capital of the world."… Continue reading
Mar 30 Watch Bankruptcy Option Looms as U.S. Automakers Face Shaky Future The Obama administration's call for drastic reforms of GM and Chrysler has sparked new debate on the future of Detroit's "Big Three" automakers. Analysts discuss what the restructuring effort may mean for the auto industry's future. Continue watching