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.
Recommended
KCRW Features
What are LA parents doing with their kids during the strike? During the teacher strike, a lot of students are not going to class.