The CEOs of Ford, GM, and Chrysler are on Capitol Hill to present their plans to a Senate Committee as they ask for $34 billion in loans. The president of the United Autoworkers Union will be present as well, after announcing concessions the union is willing to make in order for the American auto companies to survive.
"… fine -- their plans to slash costs and get more efficient. The United Auto Workers also make concessions on its union run health care funds and jobs -- program -- emergency meeting in Detroit. We're not asking …" at 0:53