World News with Charles Gibson Goes on the Road
EmailAfter months of struggling, General Motors, the nation's largest automaker and for decades an icon of American manufacturing, is expected to file for bankruptcy protection on Monday – a step that impacts not only the company but taxpayers, who will now own more than 72% of GM.
To examine the implications of this major step, ABC’s Charlie Gibson will anchor Monday’s “World News” from a Chevrolet dealership – one of GM’s main brands — in Bordentown, New Jersey.
GM's innovations shaped the cars that Americans drive and cemented the automobile’s role in shaping the nation’s society for the latter half of the 20th century. The company also became deeply intertwined with America’s economy, politics and culture.
World News will examine the impact the bankruptcy will have on GM workers young and old, the company’s path forward, and the new look of the American auto industry.
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DO NOT BUY ANY GM OR CHRYLER CARS…Thes people deserve to go under and not come back The unions helped bring these auto companies down and now they need to pay the price
Posted by: LMAO | May 31, 2009, 10:27 pm 10:27 pm
Another silly move by Obama that will even worse bankrupt America instead of just a car company.
GM’s problems are numerous however its main problem is that it has been producing poor quality cars that can not compete with its foreign competitors. in recent years it has been slowly catching up, but its just a day late and a dollar short. And now Obama wants to revamp GM to make even fewer cars that Americans want. I dont want to buy a failing car company that isnt showing any sign of addressing their underlying problem.
But then again now that Obama is president I guess I should get used to wasting money with no hope of getting anything in return.
Posted by: Steve | June 1, 2009, 12:33 pm 12:33 pm
I am a longtime customer of Mr. & Mrs. Maguire’s nearby Saturn dealership, where I have always been treated well. Their Chevy body shop has also been great. Bob Maguire came from a dealer family himself; he moved from Queens, NY to Bordentown seeking new opportunity because it appeared that his dad’s operation was destined for his siblings. A creative entrepreneur, he eventually became the 4th largest distributor of GM parts nationally.
At least GM, unlike Chrysler, did not publish a national list of dealerships to be cut. While these reductions may be necessary to adjust to a new business model, they will impact their communities significantly. It’s too bad that the automakers can’t find a way to make better use of their talent and resources to revive the industry.
Posted by: Dana Hyde | June 1, 2009, 2:25 pm 2:25 pm
The Union ruined the steel industry in America the auto industry is no different. Let GM go under or downsize like Bethlehem steel co. had to. Sure the union worker will cry for a while but they will soon discover one thing each of them will put their pants on one leg at a time, when there out looking for work like the rest of us.
The real concern should be the U.S fallen out of the world financial market cause the dollar will not have any value. in United State when nObama takes off his rookie sticks and becomes a president the National Debt could very will reach $120,000.00 per person
Posted by: Ralph | June 1, 2009, 2:44 pm 2:44 pm
What a pity!,globalisation is around
World.Vesna,ZG, Croatia
Posted by: Vesna Jelavić,M.D.,retired | June 1, 2009, 4:49 pm 4:49 pm
WHEN HARRY TRUMAN TRIED TO NATIONALIZE THE STEEL COMPANIES THE US SUPREME COURT SAID NO WAY. WHATSNEAKY LEGISLATION HAS BEEN PASSED GIVING THIS POWER TO OBAMA?
Posted by: donald field | June 1, 2009, 9:40 pm 9:40 pm
Remember Gettlefinger was against bankruptcy and now that he (Union) has gotten what he wanted he is all for it. He will throw the members under the bus and they still will cheer.
Posted by: Lizzie | June 2, 2009, 11:50 am 11:50 am
Has anyone seen this site for GM car and truck parts ? Will they still be open?
Posted by: Felix Chesterfield | July 20, 2009, 11:55 am 11:55 am