The market for used cars is finding some benefits in the downtrodden economy, as some consumers look to previously owned vehicles for more value. Some lots are even devoting more space to used cars. David Chong reports.
The auto market's not showing signs of restarting anytime soon, and General Motors could soon run out of its $13 billion government loan. So today, GM execs return to Washington with a simple pitch. Jennifer Collins reports.
Saab has filed for bankruptcy protection today in Sweden. The company has also applied to cut itself loose from owner General Motors to find a buyer. Stephen Beard reports why many Swedes blame GM for the mess.
President Obama's car task force will have to decide whether to honor GM and Chrysler's request for more government bailout money or let the companies fall. Janet Babin explores the automakers' sentimental value.
GM and Chrysler say they need another $14 billion to stay in business. The companies offered survival plans promising draconian cuts in union contracts and other expenses. Janet Babin explores what else will be involved.
Today's the deadline for GM and Chrysler to tell the government how they'll repay taxpayers and become viable again. Janet Babin reports a key to GM's plan is more concessions from its creditors and union workers.