AirTalk

A weekly look at Southern California life, news, arts and culture, and more. Hosted by Larry Mantle

Carmakers Battle To Reach The Bottom

by AirTalk

The U.S. Treasury Department, already working with GM on bankruptcy plans, has now directed Chrysler to prepare a filing by next week. Both automakers are currently being kept afloat with government backing as the Obama administration struggles to redesign the American car model. Ford, the only Detroit hold-out, narrowly beat its forecast this last quarter despite lower sales. Meanwhile, the threat of a government takeover of the auto industry has some pension experts warning of lowered benefits for retired workers. We'll get the latest from Detroit.

blog comments powered by Disqus

Enjoy AirTalk? Try KPCC’s other programs.

What's popular now on KPCC