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.
There is no paywall on the story you just read because a community of dedicated listeners and readers have contributed to keep the global news you rely on free and accessible for all. Will you join the 319 donors who have supported The World so far? From now until Dec. 31, your gift will help us unlock a $67,000 match. Donate today to double your impact!