Chrysler's sliding into bankruptcy, and General Motors might not be far behind. The automaker recently unveiled a new restructuring plan to turn the company around, but commentator Harley Shaiken says GM's going in the wrong direction.
The CEO of Italian automaker Fiat is in Germany to discuss a possible bid of General Motors' European operations. As John Dimsdale reports, Fiat is taking advantage of the recession to become the world's second largest carmaker.
The Small Business Administration will start making more businesses eligible for government-guaranteed bank loans. The move will have a particularly rewarding impact on car dealers. Mitchell Hartman reports why.
Fresh from agreeing to take over a large chunk of Chrysler, Fiat now wants GM's European divisions as well. The automaker meets today with the German government about a takeover, and Stephen Beard reports the German government may agree.
Before Fiat left the U.S. in the early 1980's, it pitched fuel-efficient cars to the American market. As the automaker prepares a return to the country, it may have better luck selling gas savers this time around. John Dimsdale reports.
The swine flu dominated headlines, but Chrysler was one of the few things to divert attention away from the outbreak. Kai Ryssdal speaks with Fortune's Leigh Gallagher and Reuters blogger Felix Salmon about whether a stronger Chrysler will emerge after bankruptcy.
Chrysler's bankruptcy is having huge ripple effects for the automaker's supply chain and the towns that support it, including Kokomo, Ind. Kai Ryssdal speaks with Kokomo Mayor Greg Goodnight about how his city is coping.
General Motors is dealing with the same kinds of problems Chrysler was with getting bond holders to forgive debt in exchange for stock. Jeremy Hobson reports the automaker is experiencing the threat on a much larger scale.