General Motors and Chrysler are racing to complete restructuring plans. They are facing a deadline Tuesday to present an outline of how they intend to make themselves viable again and repay billions in government loans.

There’s a lot of debate about whether it should be done, but the President’s loan plan is good news for the auto industry…and for plants that supply parts for those cars. Bridgestone Firestone’s Aiken County plant supplies tires to two of the “Big 3” auto companies. Count on Joy Howe to find out what the news means for them.

The White House says a managed bankruptcy for automakers is one option being considered to help save the troubled industry.

While the Bush administration says it’s ready to step in to avoid an auto industry collapse, several administration officials say nothing is imminent.

A $14 billion auto industry bailout bill stalled in the Senate on Thursday, and Republicans demanded upfront concessions from the United Auto Workers as the price for support needed for passage.

Wall Street adopted a cautious stance Thursday, leaving stocks with moderate declines as investors questioned whether a bill to rescue Detroit’s carmakers would pass the Senate.

Senate Republicans say they have grave concerns about the agreement between congressional Democrats and the Bush White House to speed billions of dollars to struggling U.S. automakers.

Officials say that congressional Democrats leaders and the White House have finalized a deal to spend $15 billion on emergency loans for struggling U.S. automakers.

The Senate’s top Democrat says Congress could act on an auto bailout as early as the end of the day.

The Senate’s top Democrat says Congress could act on an auto bailout as early as the end of the day.

Ford Motor Co. CEO Alan Mulally says he’ll work for $1 per year if the automaker has to take any government loan money.

Wall Street hit levels not seen since 2003, with the Dow Jones industrial average falling below the 8,000 mark, as the fate of Detroit’s Big Three automakers and the economy disheartened investors.