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Economy: Auto Industry / GM, Chrysler #922403

CNN Evening News for Tuesday, Feb 17, 2009
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(Studio: John King) Report introduced.

(Washington: Joe Johns) The unveiling by GM and Chrysler of restructuring plans while asking for more bailout money examined; details given about the importance of cutting the auto workforce. [GM chairman/CEO Rick WAGONER†- comments on how bankruptcy was risky.] [In Chrysler conference call, vice chairman Jim PRESS†- outlines three models not to be produced.] [University of Maryland economics professor Peter MORICI†- says they have to tell us more about their labor agreements.] The question of bankruptcy for the automakers discussed.

King, John;
Johns, Joe

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