GM, Chrysler Face Deadline On Survival Plan

from National Public Radio

General Motors and Chrysler have until Tuesday to show the government their corporate survival plans. If they don't, they could lose billions in emergency government loans and face bankruptcy. In recent days, GM has announced it's cutting jobs and salaries. Chrysler is also working with its union and lenders to come up with a plan in time for the deadline.

Broadcast Dates

• Morning Edition, February 13, 2009