A British auto supplies parts company filed for the European equivalent of Chapter 11, an indicator for the health of the country's auto industry. The U.K. is waiting on the auto bailout in the U.S. Stephen Beard reports.
The government worked out a plan over the weekend to give the Big Three around $15 billion in short-term loans. But many want the auto industry to give something back to taxpayers for the expense. Steve Henn reports.
All of the Big Three CEOs will show up in the House of Representatives today to plead their case for a bailout. Analysts say they'll eventually get some money from the government, but will it help? Alisa Roth reports.
A more humble collection of auto industry CEOs came calling on Congress today. But the jury's still out on whether their latest proposal will get them the money they need. Nancy Marshall Genzer reports.
If the Big Three's conversation with the government over a possible bailout sounds familiar, you were probably around in 1979, when the same thing was happening. So what was the result? Alisa Roth has the story.
As Ford, General Motors and Chrysler go hat in hand to Congress asking for help, their CEOs now say they'll take just a dollar a year in salary if that'll make things better. But the bucks don't really stop there. Jeremy Hobson reports.
The United Auto Workers union has decided to make concessions to the Big Three carmaker in an effort to help them make their case to Congress for about $34 billion in loan guarantees and lines of credit. Nancy Marshall Genzer reports.
The Big Three automakers return to Congress this week to present improvements they'll make if they get bailouts. Kai Ryssdal asks industry analyst Eric Noble if smaller business models, green technology and executive pay cuts are enough.