Jun 01 Retired Auto Workers Ask Union Chief Ron Gettelfinger Their Questions In shooting a story on the GM bankruptcy that will air tonight, we asked a group of United Auto Worker retirees to put their questions directly to UAW President Ron Gettelfinger. Here are their… Continue reading
Jun 01 GM Files for Bankruptcy Protection; Judge OKs Chrysler Asset Sale By Admin, PBS News Hour General Motors, a longtime cornerstone of American industrial power, filed for bankruptcy protection Monday morning and embarked on a broad restructuring, paving the way for the struggling automaker to receive another $30 billion in taxpayer aid. 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 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 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
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
Dec 12 Watch Automakers Look to White House to Revive Bailout Hopes The White House said Friday it may use funds from the $700 billion financial bailout package to aid struggling U.S. automakers after the Senate rejected a rescue plan. Analysts discuss the debate over the bailout. Continue watching
Dec 12 Watch UAW Chief Gettelfinger Defends Position on Wage Cuts The White House said Friday it may use funds from the $700 billion financial bailout package to aid struggling U.S. automakers after the Senate rejected a rescue plan. UAW head Ron Gettelfinger explains his position. Continue watching
Dec 12 White House Weighs Action on Auto Rescue By Admin, PBS News Hour The White House said Friday it was considering tapping the $700 billion financial industry bailout fund to prevent the collapse of the ailing U.S. auto giants after the Senate failed to reach a compromise on a rescue package for Detroit's… Continue reading
Dec 04 Auto Execs Renew Case for Government Aid By PBS News Hour Leaders of Detroit's Big Three automakers returned to Capitol Hill Thursday to renew their case for an expanded $34 billion rescue package, but heard fresh skepticism from lawmakers on their plea. Continue reading