Today, General Motors shut down its jobs bank, a program for workers whose jobs were cut for any reason other than falling car sales. Ashley Milne-Tyte explores how the move affects the 1,600 workers involved.
Honda is shutting down its main British factory for four months starting today, and laying off 4,000 workers with pay until it re-opens. Stephen Beard reports why this move is an alarming indicator for the auto industry.
Despite a $6 billion loss last quarter and no help from federal bailout money, Ford still believes it can weather the storm on its own. Steve Henn crunches the numbers and explores whether the company can make it.
President Obama has ordered the EPA to reconsider whether states can set their own auto emissions standards. But if a waiver to states is granted, can the ailing auto industry meet the tougher requirements? Sam Eaton reports.
Carmakers have received billions in bailout loans, but car dealers don't seem to be as lucky. Detroit automakers want fewer dealerships around, and the recession is helping that happen. Dan Grech reports.
Chrysler and Italian carmaker Fiat have announced a partnership, but Fiat won't be helping by injecting the Detroit automaker with cash. Steve Chiotakis talks to Ashley Milne-Tyte, who is following the story.
In an effort to boost sagging sales, China is cutting the tax on little cars. The move has Detroit's Big 3 paying close attention because the Chinese buy brands from around the world. Scott Tong reports.
Chrysler is under pressure to sell off assets after its $4 billion bailout loan from the U.S. government. The automaker is said to be in talks with Renault-Nissan, which Renault-Nissan denies. Stephen Beard reports.