Chief executives from General Motors, Ford and Chrysler are on Capitol Hill desperately seeking federal loans. What would happen if lawmakers said no? Jeff Tyler reports on the issues facing the companies as they fight for their lives.
The auto industry wants a lot from Congress, from a cash infusion to help with the GM-Chrysler merger. Steve Chiotakis talks to Steve Henn in Washington, where auto execs are meeting with House leaders.
Tremendous economic problems await the new president, from the deficit to unemployment. To find out what President Obama's to-do list is going to look like, we're joined by Washington Bureau Chief John Dimsdale.
Chrysler's promotion to guarantee buyers $2.99 per gallon gas doesn't really sell when national prices have dropped below that number. Janet Babin reports what the auto maker might plan to do instead to help the company.
There's talk of a loan to GM and Chrysler to assist with a merger. But economics correspondent Chris Farrell tells Scott Jagow U.S. auto makers should avoid a government loan and just declare bankruptcy.
Merger talks with Chrysler are "progressing," but GM's troubles are not at bay. The automaker announced another global sales drop and reportedly plans to cut back on new car development. Renita Jablonski asks if that's wise.