Automakers plead case for $34B

(02:04) Report

Dec. 4 - The Big Three auto companies pledge to restructure as they ask Congress again for billions of dollars in emergency cash.

Industry executives and analysts say the carnage from a GM or Chrysler bankruptcy would spread through an industry that is bleeding cash as new cars sit on dealer lots in a global slowdown. Jon Decker reports.

SOUNDBITES:

  • Rick Wagoner, chairman and CEO, General Motors
  • Senate Banking Committee Chairman Christopher Dodd
  • Senator Richard Shelby

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