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Back to To the Point

To the Point

Detroit Revs Up One More Time

The nation's carmakers may be nearing a finish line that no one wants to cross. Chrysler has until Thursday to submit a restructuring plan that will satisfy the federal government, which has loaned $4 billion to the auto manufacturer.

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KCRW placeholderBy Sara Terry • May 12, 2014 • 1 min read

The nation's carmakers may be nearing a finish line that no one wants to cross. Chrysler has until Thursday to submit a restructuring plan that will satisfy the federal government, which has loaned $4 billion to the auto manufacturer. Although America's smallest automaker won concessions from American and Canadian labor unions over the weekend, it still needs to reach an agreement with creditors. Will Italian carmaker Fiat step in to help save the day? Meanwhile, General Motors has announced it will close its classic Pontiac brand, as part of its third attempt at coming up with a restructuring plan that will please the feds. If the carmakers survive, what will a restructured industry look like? What will happen to the unions? How is Detroit's crisis affecting the rest of the state?

  • KCRW placeholder

    Sara Terry

    The Aftermath Project

  • KCRW placeholder

    Katie Cooper

    Producer, 'One year Later'

  • Sonya Geis with wavy brown hair wearing a black dress with red accents and decorative earrings against a white background.

    Sonya Geis

    Senior Managing Editor

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    David Shepardson

    Reuters

  • KCRW placeholder

    Harley Shaiken

    Professor of Labor, UC Berkeley

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    Peter De Lorenzo

    AutoExtremist.com

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