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Economy: Auto Industry / Obama / Detroit #927075

ABC Evening News for Monday, Mar 30, 2009
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(Studio: Charles Gibson) The reaction of the stock market to President Obama's stark terms for General Motors and Chrysler noted.

(White House: Jake Tapper) The bad news for the two auto companies featured; details given about restructuring plans and the message to Chrysler of merge or die. [OBAMA - says the industry must stand on its own; states it is not moving in the right direction fast enough and there must be hard choices.] [IHS Global Insight analyst Rebecca LINDLAND†- assesses what the companies were told.] [Michigan Governor Jennifer GRANHOLM - reacts.]

(Detroit: Chris Bury) The reaction in the auto country to the president's announcement featured; details given of the call from the National Automobile Dealers Assn. that bankruptcy not be an option. [Two MEN, UAW Local 160 president Jerry GILLESPIE†- react.] [New GM CEO Frederick HENDERSON†- says there will be more sacrifice; comments on the fragilities of the company; agrees bankruptcy is an option.]

(Studio: Charles Gibson; Washington: George Stephanopoulos) The issue of auto industry bankruptcy being on the table, the option of a Chrysler merger with Fiat and the strings attached to future money for the two car companies discussed.

Reporter(s):
Gibson, Charles;
Tapper, Jake;
Bury, Chris;
Stephanopoulos, George
Duration:
00:06:30

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