Rotating layoffs announced at GM, Chrysler auto plants in Windsor

WINDSOR, Ont. - Employees at two auto plants in Windsor, Ontario are facing rotating layoffs, starting next week. " Workers at the General Motors transmission plant are facing temporary job cuts as the automaker...

Today's Other Bailout: $25bn for Auto makers. Revolving loans, GM to save?

CRISIS ROOM GM "It seemed like a lot when we first started pushing $25bn," says Democratic Sen. Debbie Stabenow of Michigan, one of the bill's sponsors. "Suddenly, it seems so small." REVOLVING LOANS AND...