Chrysler, GM, and Bankruptcy

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Dodge Ram trucks are seen on a lot across from the Warren Truck Assembly in Warren, Mich., Wednesday, Feb. 18, 2009. General Motors Corp. and Chrysler LLC, two venerable titans of American industry, are essentially burning through $17.4 billion in government loans in three months and want billions more to stay alive. (AP)
Dodge Ram trucks are seen on a lot across from the Warren Truck Assembly in Warren, Mich., on Feb. 18, 2009. (AP)

The White House is right in the middle of it. Wall Street, the unions, an ocean of workers, and the shape of a nation’s economic future all right there, too. Plus, what you drive, and who makes it where.

If these onetime giants were crash test dummies, they’re about to hit the wall. Can it be avoided? What would survive?

This hour, On Point: GM and Chrysler on the brink of bankruptcy.

You can join the conversation. Did you ever think you’d live to see this? What’s your question on where we’re headed? What survives?  Tell us what you think — here on this page, on Twitter, and on Facebook.Guests:

From Detroit, we're joined by Michelle Krebs. She has covered the auto industry for more than 25 years and is now senior editor for Edmunds, which publishes automotive consumer web sites. She is also past president of the Automotive Press Association in Detroit.

And with us from Naples, Florida, is Paul Ingrassia, former Detroit bureau chief for The Wall Street Journal, where he won a Pulitzer Prize in 1993 for coverage of GM, and former president of Dow Jones Newswires. He's co-author, with Joseph B. White, of "Comeback: the Fall and Rise of the American Automobile Industry" (1994). His new book, "Crash Course," about the auto industry's current crisis, will be published by Random House in January.

From New York, we're joined by Edward Janger, professor at Brooklyn Law School. He has written extensively about bankruptcy law.

This program aired on April 27, 2009.


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