auto bailout talks collapse as senate deadlocks over wagesan eleventh-hour effort to salvage a proposed $14 billion rescue plan for the auto industry collapsed late last night as republicans and democrats failed to agree on the timing of deep wage cuts for union workers, killing the legislative plan and threatening america's carmakers with bankruptcy.auto sales plunge to near 25-year lowsu.s. auto sales plunged near 25-year lows in october, led by a 45 percent drop at general motors corp , with no sign the industry's year-long slump had hit bottom and doubts persisting that all the major automakers can survive.the united auto workers as the architect of u.s. prosperityin 1949, a pamphlet was published that argued that the american auto industry should pursue a different direction. titled "A Small Car Named Desire," the pamphlet suggested that detroit not put all its bets on bigness, that a substantial share of american consumers would welcome smaller cars that cost less and burned fuel more efficiently.governors press fed, treasury to help auto industrythe clamor for federal aid for the troubled u.s. auto industry is growing louder. |
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