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
Mar 30 Watch Obama Unveils Tough Terms for GM, Chrysler Recovery Efforts President Barack Obama outlined tough terms Monday for continued federal aid for ailing auto giants GM and Chrysler. White House adviser Austan Goolsbee, a member of the auto task force, details the plan. Continue watching
Mar 12 Watch Other News: U.S. Markets Rally for Third Day In other news, the Dow Jones industrial average gained 200 points as President Obama discussed his budget plans, and General Motors said it won't need an additional $2 billion in federal loans this month. Continue watching
Mar 05 Report: GM's Survival in Doubt Without More Aid By PBS News Hour General Motors acknowledged Thursday that its survival is in "substantial doubt" outside of bankruptcy unless it halts losses and stops burning cash, according to auditors. Continue reading
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
Feb 18 GM, Chrysler Paint Dire Picture in Plea for More Federal Aid By Admin, PBS News Hour Nine weeks after automakers made their first plea to Congress for emergency aid, General Motors and Chrysler submitted new restructuring strategies and requests for additional federal funds that could bring the government's total tab to $39 billion. Continue reading
Feb 16 Obama to Drop Plan for Auto Industry 'Car Czar' By Admin, PBS News Hour One day before General Motors and Chrysler are required to submit restructuring plans to Congress, it was widely reported that President Barack Obama has decided to scrap plans to appoint a "car czar" who would oversee the automakers' restructuring. Continue reading
Feb 10 Watch In Other News, Oil Prices Plunge, General Motors Announces More Job Cuts In other news of the day, the price of oil plunged after the energy department predicted shrinking demand, and General Motors announced it will cut 10,000 jobs. Continue watching
Feb 04 Why is Credit Extended to Companies and How Do They Make Their Payments? Question/Comment: Can you explain the how and why of credit that is extended to companies and how they make their payments? I understand credit to start new ventures, buy new equipment, hire a workforce, and the like but how do… Continue reading
Jan 26 U.S. Companies Slash More Than 45,000 Jobs By Admin, PBS News Hour More than 45,000 job cuts were announced by major U.S. companies Monday, part of a wave of global job cuts in response to dismal 2008 financial results. Continue reading