Nov 20th, 2008 · After the Big Three auto executives spent two days seeking support on Capitol Hill for a bailout, the grand finale is no finale at all. Democratic leaders say they are delaying a vote until the auto companies present a plan on how they will restructure their business.
Nov 20th, 2008 · Detroit automakers have hundreds of thousands of retirees who are wondering what might happen if their former employers go bankrupt. Auto executives say without $25 billion in loans, they could be forced into bankruptcy. Michigan Radio's Dustin Dwyer talked to a GM retiree about the industry's pleas for financial help.
Nov 19th, 2008 · Silicon Valley was once thought of as recession-proof, but the technology sector is taking hits in the current economic downturn. Former Hewlett-Packard chief executive officer Carly Fiorina discusses the state of Yahoo, Google and Silicon Valley.
Nov 19th, 2008 · Executives from Detroit's Big Three automakers are back on Capitol Hill — appearing before a House committee Wednesday. They pleaded with the Senate Banking Committee Tuesday for a $25 billion lifeline. They warned of a national economic catastrophe should they collapse, resulting in millions of layoffs. Dustin Dwyer reports for Michigan Radio.
Nov 18th, 2008 · Detroit auto executives make their pitch for emergency financial aid at a Senate hearing. GM, Ford and Chrysler say they need about $25 billion in loans. For the moment, they may not have the votes to make that happen.
Nov 18th, 2008 · Former airline executive Michael E. Levine wrote a Wall Street Journal op-ed piece arguing that a federal bailout would be bad for General Motors. Reorganization in federal bankruptcy court is a better solution, Levine says.
Nov 18th, 2008 · Congress and the White House say they want to do something to help the nation's automakers, which are close to insolvency. Executives from Ford, GM and Chrysler will be on Capitol Hill Tuesday to plead their case. But there is no consensus on what to do for Detroit. It may be next year before Washington acts, which the industry fears may be too late.
Nov 18th, 2008 · Executives from General Motor's European unit, Opel, met Monday with German Chancellor Angela Merkel. They want more than $1 billion in loan guarantees from the German government. Opel is seeking the guarantees because the company expects difficult credit conditions on the open market due to the world financial crisis.