Page 256 - Restructuring News Today

Them. >> it seems to be making great progress. i dont mean to sound cynical but they are not making progress. so, the same characters come in and meet with the president and a labor guy earlier said the only way around this is the high prices on the rich and could not thing of cutting anything and these are the first people the president meets with. i am just thinking that this is going nowhere fast. >> is the fundamental issue we must deal with entitlements because in very few years with 10,000...

Some slight demographic shifts in messages. jon: on election night for instance brian williams was talking to republican operative steve schmit cal and said they have to shut down rush limbaugh. >> now they are into censorship. what does that tell you? about the "newsweek" cover, if thats napolean people who know anything about history know about wate waterloo. he was overextended in russia. i think if obama takes this as a mandate to complete the restructuring of america he is sadly mistaken. o...

Emphasized bipartisanship. romney had been doing so for the last several weeks and said it was going to be important in facing the challenges that the country faces for each, both sides to reach across the aisle to the other. the romney campaign says, look, if that was a serious invitation, then we will certainly consider it. he might just well have been victory night rhetoric. if the president is serious he would be happy to sit down. for now romney is spending time with the family. he will sti...

>> i think -- i think that was key really to the automotive recovery that president obama negotiated and worked out with the companies. it wasnt just a loan itself, but it was the restructuring of the labor agreements, the whole cost structure. our cost structures are now in line with all of our competitors and it bodes well for future success, and the other piece of it was the ceo and hes brought in some technology to us that we never had before. especially in terms of fuel efficiency and that ...

Involved with this could not be more delighted with the partnership with fiat. >> explain the geography of the american auto production center. its in detroit. how much of it -- what states really are involved in it, besides ohio, weve heard a lot about. where are sort of leviathan of the american industry? where do we build our cars? >> well, its a national industry. the big three automakers, gm, ford and chrysler still have the bulk of their american production in the midwest. ohio, michigan, ...

Like you wanted to live and with your children and grandchildren, and then it gets taken away from you in a heartbeat. i feel absolutely betrayed. >> enter delphis biggest auto parts customer gm and the obama administrations eagerness for a quick restructuring of the automaker, gm wanting labor peace agreed to restore pension to delphis union retirees. >> general motors made it whole again, then life was back on track. >> not for del tpaoeud salaried workers. their pensions remain slashed. >> th...

Delighted with the partnership with fiat. >> explain the geography of the american auto production center. its in detroit. how much of it -- what states really are involved in it, besides ohio, weve heard a lot about. writes sort of the leviathon of the american industry. >> the big three, gm, ford, and chrysler still have the bulk of their american production in the midwest. ohio, michigan, some in illinois. some in kansas city, in texas. there used to be plants in georgia and missouri. as we a...

American auto production center. its in detroit. how much of it -- what states really are involved in it, besides ohio, weve heard a lot about. writes sort of the leviathon of the american industry. >> the big three, gm, ford, and chrysler still have the bulk of their american production in the midwest. ohio, michigan, some in illinois. some in kansas city, in texas. there used to be plants in georgia and missouri. as we all know, the industry has shrunk quite a bit in recent years, part of the ...

>> not his ticket. >> presidents come and go. the supreme court nominees stay for life. thats the real legacy of any presidency. and paul ryan a heartbeat away, same way joe biden. would be a heartbeat away. something to keep in mind. women, as important this election, womens health issues critical to watch and see how the parties respond to this today. moving on, sad news, two new jersey brothers are charged with jersey beep inteirom a of stramw discoveed iaecybi next door to where the suspec...

The pensions of the uaw workers were saved. but the nonunion pensions were terminated. its left up to 20,000 older nonunion members in ohio with reduced or minimal pensions. trace gallagher is live in our west coast newsroom. reporter: delphi was spun off from gm 13 years ago during the whole restructuring, those 20,000 delphi workers lost almost all of their pensions. they were not members of united auto the united auto workers union, but the delphi workers who were members of the uaw kept thei...