General Motors Videos at WCBS 880 Video Archive at wcbs880.com

26 Jan 2009

Companies Slam Breaks On Spending

The latest round of poor financial reports is forcing tens of thousands of layoffs across all sectors of the economy.

"… 8000 job Home Depot seven now. Another 2000 will be eliminated and General Motors caterpillar flies -- Intel and Microsoft -- cutting nearly 40000 jobs combined. …" at 0:13

1 Spoken Highlight

1:36

31 Dec 2008

It's Another Record Dip For Home Prices

Despite weak economic reports and grim housing numbers, markets finish up Tuesday.

"… government six billion dollar investment in GMAC the struggling financing arm of General Motors stocks gained despite some more bad news on the economic climate. The consumer confidence index tumbled to a record low in December. …" at 0:23

1 Spoken Highlight

1:13

12 Dec 2008

Auto Bill Stalls In Senate

Late Thursday night, the Senate failed to pass $14 billion in help for US automakers. Now, President Bush says he's considering new ways to help automakers.

"… options in light of the breakdown in congress -- the automakers General Motors says that is deeply disappointed and we'll assess its options Chrysler says it will continue to pursue a workable solution but both warned that they're running along one cache. In Washington I'm -- …" at 1:18

1 Spoken Highlight

1:34

11 Dec 2008

Auto Battle Grinds On In D.C.

The House approves a $14 billion bailout for the Big 3, but Senate Republicans could be a roadblock.

"… in the Senate is unclear. Among the sticking point tougher standards for car emissions that's by Democrats and concerns from Republicans that the so called cars are created by the bill would not have enough power to ensure GM Chrysler and Ford would get back on their feet the White House officials insist cars are would be appointed by the president would …" at 0:42

"… That is bail out package that go directly to GM and Chrysler Hussein it ran out of money by the end of the month. Ford says it has enough money to hold them all …" at 1:36

2 Spoken Highlights

1:50

11 Dec 2008

Auto Bailout Faces Senate

After passage by the House, the $14 billion auto industry bailout is facing a potential filibuster by Senate Republicans.

"… Is just something in our economy cannot sustain at the moment we GM and Chrysler reporting that there running out of cash and facing bankruptcy. House passed a fourteen billion dollar emergency aid package Wednesday. It requires …" at 0:50

1 Spoken Highlight

1:33

10 Dec 2008

Auto Bailout Agreement Reached

Congressional Democrats and the White House have agreed on a $14 billion bailout for the auto industry, but the bill faces major criticism from Senate Republicans.

"… The White House says GM and Chrysler have two options restructuring. Or bankruptcy. The clock starts now. …" at 0:35

1 Spoken Highlight

1:38

10 Dec 2008

White House, Congress Fine Tuning Auto Bill

Congressional Leaders and the White House are putting the finishing touches on a compromise $15 billion bill to help GM and Chrysler . Ford is no longer seeking bridge loans. But, it remains uncertain whether enough Senate Republicans will be on board for the measure to pass.

Episode Duration -- 1:33

10 Dec 2008

Big 3 Bailout Could Come Today

The White House has agreed with Democrats in principle on a $15 billion Big 3 bailout, but some questions remain.

"… dollars is a far cry from the 34 billion dollar loan package GM Chrysler and Ford had requested. However the plan would be the first step to help the struggling auto giants who say they are …" at 0:39

1 Spoken Highlight

1:46

9 Dec 2008

White House And Congress Working On Deal To Help Automakers

Ford now says it does not need a bridge loan, however it supports loans to competitors, GM and Chrysler . The White House and Democratic Congressional leaders are working on a $15 billion deal that would help the automakers survive through March. At that point, the situation would be reassessed under the new administration.

"… company's loans congress' day. There's no blank check your blind hope. The car company's announcement to make other concessions from labor to management including limiting executive pay and getting rid of their now infamous corporate connects with others said the barbershop. Everybody's getting here here as -- you look that victory now down to the big too with force saying it will no longer seek curriculum. While GM and Chrysler says the measure will help them in the short term. …" at 0:32

1 Spoken Highlight

1:12

7 Dec 2008