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Economy: Car Crisis / Bailout #910781

ABC Evening News for Friday, Nov 07, 2008
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(Studio: Charles Gibson) How automakers Ford and GM are burning through their cash reserves noted.

(Chicago: Chris Bury) The auto industry crisis examined; scenes shown from a car show in Detroit and a show room in Chicago; details given {with statistics} about a scenario if Ford, GM or Chrysler shut down. [Cars.com editor Joe WIESENFELDER†- says the boats are taking on water!] [Car DEALER - says we are closing the store.] [General Motors Corp. CEO Rick WAGONER†- says the time for action is now.] [University of Maryland business school professor Peter MORICI†- explains what a bailout would mean.] [North American Automotive Group Rebecca LINDLAND†- says the taxpayers will pay either way.]

Reporter(s):
Gibson, Charles;
Bury, Chris
Duration:
00:02:30

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