Dec. 4 (Bloomberg) -- Erich Merkle, an analyst at Crowe Horwath LLP, talks with Bloomberg's Deirdre Bolton about the need for the U.S. government to aid automakers.

General Motors Corp., Ford Motor Co. and Chrysler LLC today renewed their plea for an emergency federal bailout, as GM Chief Executive Officer Rick Wagoner told a deadlocked Congress the industry has made some wrong turns and economic forces pushed it "to the brink." (Source: Bloomberg)

00:00 Implications of automaker bankruptcy 
01:14 U.S. vs. overseas auto worker compensation
02:39 U.S. "cannot stand" automaker bankruptcy 
03:16 Prepackaged bankruptcy "isn't an option."   

Running time 04:45

Last Updated: December 4, 2008 13:28 EST