Nov 20th, 2008 · Amid job cuts, restructuring and pleas to Congress for financial aid, General Motors and Chrysler are represented, but not making much of a splash, at this week's Los Angeles Auto Show.
Nov 20th, 2008 · Treasury Secretary Henry Paulson said this week that financial markets have "stabilized" But the daily numbers don't agree. Bank stocks remain under pressure and the credit market worsened again Wednesday. Are the government's actions producing the desired results?
Nov 20th, 2008 · As companies try to survive the rough economy, they are cutting costs. The person in charge of deciding where and how deep to cut, is often the chief financial officer. CFO Magazine recently interviewed more than 300 CFOs, and nearly half said they plan to layoff workers. Kate O'Sullivan, a writer with the magazine, tells Steve Inskeep that companies are also looking at hiring freezes and reductions in overtime.
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 · Gregg Sherrill, chairman and CEO of the auto parts manufacturer Tenneco Inc. talks to Melissa Block about problems with the auto industry. His company has been hit hard by the financial problems of GM, Chrysler and Ford. He supports a bridge loan for the companies.
Nov 19th, 2008 · The world's biggest automaker says it will stop production at all U.S. and Canadian factories for two days next month. Toyota's assembly, transmission and engine plants will close in late December as the company tries to work through excess inventory. The Japanese carmaker is in much better financial shape than its U.S. rivals, but sales of Toyota's vehicles also are plunging.
Nov 18th, 2008 · Treasury Secretary Henry Paulson once again defends his management of the federal government's $700 billion rescue program for the financial industry. Democrats want some of the money used to help other ailing industries, as well as struggling homeowners.
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.