Jun 10 Watch After Chrysler Deal, Fiat to Face Tough U.S. Car Market Chrysler finalized the sale of its assets to Italian automaker Fiat Wednesday after the Supreme Court cleared the way for the deal. Analysts examine the future for the newly merged company. Continue watching
May 28 Watch UAW’s Gettelfinger Gives Union Take on Auto Deals As GM moves closer to a reorganization plan, UAW President Ron Gettelfinger gives the union's perspective on the recent plans to boost the struggling auto industry. Continue watching
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 15 Watch Auto Dealership Closings Reverberate Across Economy General Motors and Chrysler announced the closings of hundreds of dealerships in an effort to bring the companies back from the brink of bankruptcy. Analysts examine the impact of the moves. Continue watching
May 01 Is the Auto Crisis Just a Lack of Demand? Question: I don’t understand the auto industry crisis. I infer that it is because we’re in a recession, and not many people are buying cars. Is that all of it, or is there something more? Paul Solman: Are you talking… Continue reading
Dec 18 Chrysler, Ford Announce Plans to Shutter Plants By PBS News Hour Chrysler LLC is closing all 30 North American manufacturing plants for at least a month, the company's latest cost-cutting move as the big three auto makers struggle to stay afloat while waiting for a government decision on aid to the… Continue reading
Dec 05 U.S. Employers Slash 533,000 Jobs; Unemployment Rate Jumps to 6.7% By Admin, PBS News Hour U.S. employers cut 533,000 jobs in November, the most in 34 years, sending unemployment up two-tenths of a point from October to 6.7 percent, the highest in 15 years, the Labor Department reported Friday. Continue reading
Apr 21 Watch Economy Weighs on Minds of Pittsburgh Voters As part of the Big Picture election series focusing on Pittsburgh, Ray Suarez examines how the economy and other issues are weighing on the minds of voters in Steel City as the region works to reinvent itself from an industrial-based… Continue watching
Jan 09 I think Congress needs tighter control over the credit card industry. As this ‘bQandA evolves, I’ve taken to asking real economists (i.e., ones with Ph.D.s) to read both your questions and my answers, and comment on any or all of them. This installment’s “guest vetter” is Martin Neil Baily, now with… Continue reading