Today the CEOs of GM, Ford, and Chrysler, and the UAW president spent a second day testifying on Capitol Hill. This time before a House committee. They continued to plead their case of catastrophic national economic repercussions if they were allowed to fail. In response, the CEOs were chided by congress for taking corporate jets to Washington, and only one of the three admitted willingness to accept $1 salary in exchange for aid. That same executive, Robert Nardelli of Chrysler, also admitted bankruptcy was an option strongly considered for his company but felt likely to fail. He admitted Chrysler only has about $6 billion left.
LA Auto Show Photo Gallery
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