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.
The board at General Motors met over the weekend to discuss a restructuring plan that might work for Congress. Ashley Milne-Tyte tells Steve Chiotakis the plan includes a possible bankruptcy filing just in case.
While automakers were on Capitol Hill begging for financial relief, a key supporter in the House lost his clout. Commentator David Frum says the new leadership should avoid micro-managing the industry.
Today, Fitch ratings downgraded Toyota's credit from triple-A to double-A -- the first time the auto maker's rating has dropped in a decade. Steve Henn reports a lowered appetite for cars and a strong Yen are to blame.