With a deadline looming tomorrow, GM bondholders are under pressure to forgive $27 billion worth of loans. But fearing that they're becoming scapegoats, many are hoping for a better payout. Bob Moon reports.
The auto industry has been through some pretty tough times as of late. But Phil Reed of Edmunds.com says these harsh economic days equal better deals for consumers on the lookout for their next car or truck.
GMAC already received $5 billion from the Troubled Asset Relief Program program back in December. Now, reports out say the Treasury Department is set to loan GMAC over $7 billion more. Janet Babin reports.
Porsche is looking for an outside investor after its deal with Volkswagen fell apart. The botched merger leaves Porsche with a $12 billion debt. Stephen Beard explores why the deal failed and where it might get help now.
The Obama administration's new fuel efficiency standards will require vehicles to get at least 35 miles per gallon by 2016 and cost about $1,300 per car Automakers are expected to be on board. Janet Babin reports.
Britain kicks off its cash for clunkers where drivers get $3,000 on a new vehicle if they trade one that's 10 years old. The U.S. is considering a similar plan with a bigger subsidy for car owners. Stephen Beard reports.
Amaral Motors in Newtown, Conn. was a five-star Chrysler dealer. But after finding itself on the automaker's 800-dealer cut list, the generations-owned family business has to come up with a new plan. Amy Scott has the story.