Things are not looking good for General Motors. The company is reportedly planning to shutter most of its factories in the U.S. for up to nine weeks beginning as early as next month. GM also reported that it does not plan to pay $1 billion it owes bondholders by June. And if that wasn’t enough bad news for the industry, Chrysler is now saying if it doesn’t get more money soon, it will go into de facto liquidation. To help sift through this latest chapter of bad news for the American auto industry The Takeaway is joined by Nick Bunkley, who writes about the auto industry for The New York Times.
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!