Steve Chiotakis talks to Dan Grech about what happened -- or what didn't happen -- with the deal between GM and bondholders, and what the government will do as a major hands-off stakeholder in the company.
General Motors formally ended its debt for equity swap plan that was supposed to clear a good chunk of $27 billion in debt, leaving it a step closer to bankruptcy. Steve Chiotakis talks to Michigan Radio's Tracy Samilton.
If you ever want to verify the quality of a Chinese car, popping open the hood of any GM car might give you a clue. Many of the parts that comprise an American car roll off of a Chinese production line. Scott Tong reports.
Hyundai is hoping it can bring up its image as a maker of luxury cars with the U.S. roll-out of Equus, which runs for $70,000. But experts say lifting the company's existing brand won't be easy. Jeremy Hobson reports.
The deadline for GM bondholders to accept a restructuring agreement is looming. If an agreement can't be reached, the struggling automaker faces bankruptcy. As Amy Scott reports, that's looking more and more likely.