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Back to To the Point

To the Point

The Recovery and America's Troubled Auto Industry

After Wall Street's worst week in history, it was clear that the Federal Reserve and the Treasury weren't doing enough to restore economic confidence. On Friday, the question was, "Can the Group of Seven industrialized countries and the International Monetary Fund make a difference?" Today, the stock markets surged.

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By Warren Olney • May 12, 2014 • 1 min read

After Wall Street's worst week in history, it was clear that the Federal Reserve and the Treasury weren't doing enough to restore economic confidence. On Friday, the question was, "Can the Group of Seven industrialized countries and the International Monetary Fund make a difference?" Today, the stock markets surged. Did the ministers do the right thing? Will the credit markets thaw out and begin lending again? We get a progress report and look at the state of America's auto industry, once the symbol of US industrial might. Will the Big Three become the Big Two?

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

  • KCRW placeholder

    Christian Bordal

    Managing Producer, Greater LA

  • KCRW placeholder

    Andrea Brody

    Senior Producer, KCRW's Life Examined and To the Point podcast

  • KCRW placeholder

    Greg Ip

    Economist magaqzine

  • KCRW placeholder

    Simon Johnson

    Massachusetts Institute of Technology

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    Daniel Howes

    Detroit News

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