Research Scientist, University of Michigan Transportation Research Institute
Research scientist at the University of Michigan Transportation Research Institute
PROFILE
Bruce Belzowski
Guest
FROM Bruce Belzowski
Which Way, L.A.?
Today, It's Chrysler... Tomorrow, GM? Big banks who've accepted billions in federal bailouts had little choice when President Obama demanded that they take "haircuts" to keep Chrysler in business. But smaller investors, including hedge funds, said no deal, and now Chrysler's reorganizing in bankruptcy court.
To the Point
Today, It's Chrysler... Tomorrow, GM? President Obama says he does not want to run a big automaker , but the federal government could end up owning 50% of General Motors. In the meantime, it will own 10% of a new, multi-national company when Chrysler merges with Fiat , presuming, of course, that bankruptcy goes well. Big banks who've accepted billions in federal bailouts didn't have much choice when Obama demanded they take "haircuts" to keep Chrysler in business. But smaller investors, including hedge funds, said no deal, forcing Chrysler's reorganization in bankruptcy court. We hear about the economics and politics involving investors, unions, part suppliers and dealers. Also, what about the cars? Will American drivers change their ways and go European?
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Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
To the Point
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