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GM Teeters On Bankruptcy; Chrysler Waits In Hope General Motors is expected to file for Chapter 11 bankruptcy shortly, and tens of thousands of auto workers are waiting to hear how many jobs GM plans to shed. Those employees made things a bit easier on GM Friday when the United Auto Workers ratified a cost-cutting deal. This all follows Chrysler's bankruptcy at the end of April. Of the great American auto makers, only Ford is left standing intact.

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GM Teeters On Bankruptcy; Chrysler Waits In Hope

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GM Teeters On Bankruptcy; Chrysler Waits In Hope

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General Motors is expected to file for Chapter 11 bankruptcy shortly, and tens of thousands of auto workers are waiting to hear how many jobs GM plans to shed. Those employees made things a bit easier on GM Friday when the United Auto Workers ratified a cost-cutting deal. This all follows Chrysler's bankruptcy at the end of April. Of the great American auto makers, only Ford is left standing intact.

Host Scott Simon discusses the economic state of the U.S. auto industry with New York Times business columnist Joe Nocera.