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Economy: Auto Industry / Bailout #912348

ABC Evening News for Thursday, Nov 20, 2008
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(Studio: Charles Gibson) Report introduced.

(Capitol Hill: Jonathan Karl) The Congressional hearings on bailout for the auto industry examined; details given about the CEOs' inability to state how much money they need for the industry and of the call for a detailed plan to turn the Big Three companies around. [Senator Carl LEVIN, Speaker of the House Nancy PELOSI, Senators Harry REID, George VOINOVICH - offer views on the auto industry.] [Yesterday, GM CEO Rick WAGONER - comments on the worst-case scenario.] The consensus that the auto companies need to go into Chapter 11 mentioned.

Reporter(s):
Gibson, Charles;
Karl, Jonathan
Duration:
00:02:20

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