Latest reports sound alarm on industry crisis
(NEWSER) - The CEOs of Detroit's troubled Big Three automakers and the head of the UAW are set to meet today with House Speaker Nancy Pelosi to ask for another $25 billion in government loans, the Detroit Free Press reports. Detroit had its worst sales month in 25 years in October, and insiders say General Motors' financial results, due out tomorrow, will be so bleak that the government will have to step in if the company is to survive. More»